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, 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.