Getting paid should be the easy part. But billing systems make it hard. For the longest time, you had to buy a third-party black box or waste time constructing your own billing. Lago fixes that.
It's not a problem that goes viral on social media, but it's ubiquitous in tech companies.
At one of Europe's biggest fintechs, we saw the “billing nightmare”: 10+ full-time engineers worked on billing alone. Product grew frustrated because pricing took months. Finance labored in spreadsheets they shouldn't need.
Nobody talked about this common issue: Bad billing systems block projects, frustrate teams and devour resources better spent on innovation.
But what options are there? Building your own system is a nightmare. Third-party systems become black boxes that cause more work than they save.
We wanted to solve billing, and open-source became the obvious choice. You should have full transparency and control your financial infrastructure without sacrificing the feature set of a market-leading vendor. That's how Lago was born.
Millions of invoices later, we're happy to support emerging and established leaders on billing so they can focus on building, not billing.
Anh-Tho Chuong
CEO & co-founder at Lago
Raffi Sarkissian
CPO & co-founder at Lago
#1
Open-Source Billing Platform
$22M
Raised from tier 1 investors
$829M
of invoices issued monthly
Our backers include highly accomplished venture firms and some of the world’s most exceptional founders and product builders.
Firstmark
SignalFire
Y Combinator
Arthur Waller
Cofounder, Pennylane
Clément Delangue
Cofounder & CEO, Hugging Face
Elena Verna
Growth, Lovable
Julien Codorniou
General Partner, 20VC
Kamil Mouhid
Senior Director of Product, Toast
Meghan Gill
ex-SVP, MongoDB
Philippe Teixeira Da Mota
Co-Founder, Shapers
Romain Huet
Head of Developer Relations, OpenAI
Don't just take our word for it.