US fintech giant Stripe has agreed to acquire Metronome, a billing start-up founded by former Dropbox engineering director Scott Woody in 2019. The financial terms of the agreement have not been disclosed.
Metronome provides tools for managing billing, pricing, and revenue operations for businesses using cloud-based systems, with clients including OpenAI, Anthropic, Databricks, Confluent, and Nvidia.
The company has raised $128 million in total funding to date from institutional backers including Andreessen Horowitz, General Catalyst, and New Enterprise Associates, which led a $50 million Series C for Metronome in February.
In a blog post announcing the acquisition agreement, Woody confirms that the deal will see Metronome’s monetisation tools integrated within Stripe’s payment infrastructure.
Woody also emphasises that the partnership will enable Metronome to improve its products and expand its capabilities, adding: “Metronome will become a core part of Stripe’s product suite. Expect faster progress on capabilities like seat-based credits, real-time spend alerts, and hierarchical accounts.”
His statement confirms that the deal remains subject to customary closing conditions, while a timeline for completion has not been disclosed.
Metronome marks Stripe’s fourth acquisition in the last 12 months. The company, currently valued at around $106 billion, completed its acquisition of stablecoin infrastructure start-up Bridge in February for $1.1 billion.
Stripe continued this focus on digital assets by agreeing to buy crypto wallet infrastructure provider Privy in June, followed by payments orchestration platform Orum in July.
Source: https://www.fintechfutures.com/
