September 18, 2014 7:56 PM ET

Internet Software and Services

Company Overview of Lemon, Inc.

Company Overview

Lemon, Inc. provides online receipt organization and spending management tools. It offers Lemonade, an open mobile wallet platform that supports multiple branded payment cards, loyalty cards, and coupons. The company was founded in 2011 and is based in Palo Alto, California. As of December 11, 2013, Lemon, Inc. operates as a subsidiary of LifeLock, Inc.

364 University Avenue

Palo Alto, CA 94301

United States

Founded in 2011

Phone:

650-529-4101

Fax:

650-352-2208

Key Executives for Lemon, Inc.

Co-Founder and Chairman
Age: 40
Compensation as of Fiscal Year 2014.

Lemon, Inc. Key Developments

Lemon, Inc. Auditor Raises 'Going Concern' Doubt

Lemon, Inc. filed its 8-K/A on Feb 21, 2014 for the period ending Dec 31, 2012. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

LifeLock, Inc., Lemon, Inc. - M&A Call

LifeLock, Inc., Lemon, Inc. - M&A Call

Lemon Launches Lemon Network

Lemon launched Lemon Network. This new mobile payment tool enhances the existing Lemon Wallet to make it interactive with merchants' mobile apps. The Lemon Network makes mobile payments convenient and safe for both the consumer and merchant. Consumers that have the Lemon Wallet app will be able to make purchases from merchants with the Lemon Network without having to reenter their credit card information each time. Plus, consumers can use the credit card of their choice, since the Lemon Network accepts multiple credit cards. Both the Lemon Network, which is offered to merchants via a free software development kit (SDK), and the Lemon Wallet are free and easy for consumers to use. In addition to credit cards, users can also store merchant rewards cards, identification and insurance cards in the Lemon Wallet. Lemon Network's simple SDK boosts conversions at checkout, a primary benefit for merchants. Merchants' ability to communicate to their customers via the Lemon Network can help decrease chargebacks and refunds since consumers can get clarification on questionable transactions and other billing inquiries and requests directly through the Lemon Wallet. Local payment methods are becoming increasingly important to companies that primarily conduct sales via mobile payments, so the Lemon Network is integrating payments to U.S. processors first with international processors to follow shortly. This will make the Lemon Network the first mobile payment processor to work internationally.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 12, 2013
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