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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
Amount Raised
$55 Million
Round Type
Series B
New YorkFinancial ServicesSoftwareFinanceFintechLendingBankingAccountingDescription
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.
Fundz sees it the moment Lili raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansLili raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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