diff --git a/CHANGELOG.md b/CHANGELOG.md
index e50b44da..b8da77bf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,8 @@
 # Changelog
 
+## 5.32.1 - 2021-04-05
+* Correct use of regexp `match` in gemspec for old versions of Ruby
+
 ## 5.32.0 - 2021-04-05
 * [#973](https://github.com/stripe/stripe-ruby/pull/973) Reduce packed gem size
 
diff --git a/VERSION b/VERSION
index f13f7e7d..c46a5919 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-5.32.0
+5.32.1
diff --git a/lib/stripe/version.rb b/lib/stripe/version.rb
index e662f17b..9590b7de 100644
--- a/lib/stripe/version.rb
+++ b/lib/stripe/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Stripe
-  VERSION = "5.32.0"
+  VERSION = "5.32.1"
 end