diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 9d85dbbb75917..44606122d32c2 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.137.0"
+  ".": "2.137.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index fa4f31dd2c9c3..5e42c35315e6f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [2.137.1](https://github.com/Flagsmith/flagsmith/compare/v2.137.0...v2.137.1) (2024-08-20)
+
+
+### Bug Fixes
+
+* Update email wording for paid customers with API usage notifications ([#4517](https://github.com/Flagsmith/flagsmith/issues/4517)) ([5cfdaba](https://github.com/Flagsmith/flagsmith/commit/5cfdababfe043e8767e3147876dd42ce3f79c030))
+
 ## [2.137.0](https://github.com/Flagsmith/flagsmith/compare/v2.136.0...v2.137.0) (2024-08-20)
 
 
diff --git a/version.txt b/version.txt
index 2b97695c48318..eb2cd2048a8ab 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.137.0
+2.137.1