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Re:Lago, Open-Source Stripe Alternative, banks $22M in funding by mooreds on Sunday April 07, 2024 @12:11AM (#39958140)
Raised series A of 15M on a valuation (rumored, not announced) of 100M.

7M was seed, raised in 2023 according to crunch base.

Sounds like they aren't trying to be an entire stripe replacement (from the last paragraph of the linked article).

Anyway an interesting story of a successful startup pivot starring a passionate HN post.

Re:Lago, Open-Source Stripe Alternative, banks $22M in funding by Rafsark on Sunday April 07, 2024 @08:48AM (#39960397)
We're diving first into creating an alternative to one of Stripe's key services which is billing. We especially building billing on areas where Stripe struggles, like mixed or usage-based billing models.