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About Lago

Lago provides an open-source billing infrastructure designed for modern companies, particularly those with usage-based pricing models like AI, IoT, and enterprise SaaS. It enables businesses to ingest and process high volumes of usage data, up to 1 million events per second, and convert it into accurate invoices in real-time. The platform supports various complex billing models including consumption-based billing, prepaid credits, usage allowances, and hybrid plans combining usage with subscriptions. Lago empowers engineering, product, finance, and operations teams by offering a unified source of billing data. It allows for flexible pricing adjustments via API or a no-code UI, and provides tools for managing margins, setting alerts, and ensuring data sovereignty through self-hosting options. This makes it ideal for companies requiring robust, scalable, and customizable billing solutions that can adapt to rapidly evolving product offerings and customer demands.