Laguo

About Laguo

Lago operates as an open-source, API-first billing solution, specifically engineered for businesses with complex pricing structures. The company was established in 2021 by Anh-Tho and Raffi, who previously were instrumental in scaling the monetization system at the B2B neobank Qonto.com from its inception to over $100 million in revenue. This firsthand experience with the limitations of existing billing systems at a high-growth company directly informed Lago's development.

The firm targets companies that require sophisticated billing models, including usage-based, transactional, subscription hybrids, and multi-product or multi-geography pricing strategies. Its client roster includes high-growth technology companies and unicorns in sectors like AI and embedded banking. The business model is centered on its open-source platform, which provides tools for metering consumption, managing subscriptions, generating and sending invoices, and tracking payments. The core offering is designed to provide a flexible and developer-centric alternative to more rigid, closed-source billing systems.

Lago's platform is distinguished by its API-first architecture, allowing for deep integration and customization. It has gained significant traction within the developer community, being a highly-rated billing solution on GitHub. The company has successfully raised $22 million in funding from notable investors such as Y Combinator, FirstMark Capital, and SignalFire, as well as angel investors with deep experience in monetization and developer relations from companies like MongoDB, Stripe, and OpenAI. This financial backing underscores investor confidence in Lago's approach to disrupting the billing infrastructure market.