Stripe has acquired Lemon Squeezy, a payment processing startup.

The mentioned deal is the culmination of a relationship that began with the founding of Lemon Squeezy.

Lemon Squeezy serves as a merchant of record calculating and handling global sales tax for digital products. The firm was founded to make selling digital products as simple as opening a lemonade stand.

Commenting on the acquisition on X, Stripe chief executive officer Patrick Collison said the two companies were going to scale merchant of record sales in a big way.

The deal comes weeks after reports that Stripe’s valuation had reached $70 billion. Venture capital firm Sequoia Capital offers to buy shares from investors hoping to cash out.

Stripe is currently one of the most valuable private technology companies in the world. After the deal, which allowed the current and former employees to cash out some of their shares, the value of the firm was fixed at $65 billion. It is worth noting that in March the corresponding figure was $50 billion. At the same time, in 2021, the company’s value was fixed at $95 billion.

Meanwhile, Stripe has teamed up with Sage. This solution aims to help improve cash flow management and payment processing for small and medium-sized businesses. As part of the collaboration announced last week, Stripe’s financial infrastructure platform for businesses will be integrated into Sage solutions for small and medium-sized businesses. In this case, Sage customers will have more opportunities to pay and get paid.

As we have reported earlier, OpenAI Buys Enterprise Startup.