Lago

Lago is a startup that offers a comprehensive solution to the complex and often tedious process of metering and billing. The company's product is designed to serve revenue leaders and finance teams, particularly within the startup sector. Lago's platform addresses the common challenges of constant pricing changes, scalability issues, and the need for data pre-aggregation and clean-up.

The company's business model is based on providing a scalable, low-maintenance, and out-of-the-box billing system. This includes a first-class API for engineers and a user-friendly interface for business teams. The system handles everything from subscription and usage computations to billing cycles, dates, and currencies, saving businesses the time and resources they would otherwise spend on these tasks.

Lago's platform is also open-source, offering clients the option to build on top of it for a more customized solution. This allows businesses to audit Lago's code and keep their data within their infrastructure, providing them with full control over their billing system.

The startup operates in the financial technology market, serving clients who need a more efficient and streamlined approach to billing. Lago's revenue comes from the businesses that use its platform to handle their metering and billing processes.

The company has received positive feedback from its clients, including a senior billing engineer at Github and a former VP of Engineering at Qonto, who praised Lago's open-source approach and the team's expertise in the field.

Keywords: Billing, Metering, Open-Source, Scalability, Customization, Finance Technology, Startups, API, User Interface, Data Aggregation.