Lili Raises $55M Series B To Support Growing Number Of Freelancers In The $1.2T U.S. Freelance Economy, Doubles Its Account Base In Less Than 6 Months During The Covid-19 Pandemic
Lili Raises $55M Series B To Support Growing Number Of Freelancers In The $1.2T U.S. Freelance Economy, Doubles Its Account Base In Less Than 6 Months During The Covid-19 Pandemic
05/11/21, 1:10 PM
Money raised
$55 million
Round Type
series b
Lili, the fastest growing mobile banking service for freelancers in the U.S., today announced a $55M Series B investment led by Group 11, bringing total funding to $80M following a record year of growth and revenue for Lili. Other notable investors included Target Global and AltaIR with previous investors re-upping. The New York-based banking app is spearheaded by finance serial entrepreneur Lilac Bar David and is strengthening its claim as the leading banking app and finance tool for freelancers and gig-economy workers. Offering relevant and timely features such as expense management, effortless tax preparation, and no-fee accounts, Lili has doubled its account base in the past 6 months as more users pursue new, entrepreneurial endeavors and turn to Lili as a reliable resource for their growing businesses.
Company Info
Additional Info
Lili is the all-in-one banking app designed for freelance workers. Combining banking services with real-time expense tracking, tax tools and financial insights, Lili empowers independent workers with the tools they need to stay in control of their finances while saving time and money. Led by serial entrepreneurs with 20 years of fintech experience, CEO Lilac Bar David and CTO Liran Zelkha, Lili is backed by Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures. Founded in 2018, Lili is headquartered in New York and serves customers in all 50 states. Banking services are provided by Choice Financial Group Inc., a Member FDIC. To learn more, visit Lili.co.