Lili Overview
Lili specializes in developing mobile banking solutions for freelancers. The companys checking account and mobile experience are designed to help freelancers balance work and life by providing real-time expense management and tax tools. Lilis checking account comes with a Visa business debit card, and provides users with a push notification every time a payment arrives or money leaves the account. Lili also offers useful tax tools, including the ability to automatically set aside a percentage of every deposit to ensure that the user saves enough for taxes. Lili can also autogenerate expense reports for tax filing.
Cumulative Funding Raised Over Time ($)
$10.0MJun 2020
$65.0MMay 2021
$80.0MOct 2020
Latest News
growth-positive
Banking App Lili Raises $55 Million To Help Freelancers Tackle Expenses, Access Credit
Lili, a digital banking app for freelancers, has announced a $55 million Series B round led by Group 11, with participation from Target Global and Altair. The app has seen over 1500% revenue growth in the last year and has reached 200,000 customers. Lili aims to provide financial services to freelancers, who often face difficulties accessing traditional banking services. The app offers a checking account with no monthly fees or minimum balance, as well as a partnership with Visa for a debit card. Lili plans to use the funding to expand its platforms, introduce new features, and enter the credit sphere to help freelancers access loans and credit cards.
CustomersInvestment
growth-positive
Freelancer banking startup Lili raises $15M
Lili, a startup creating a bank account and associated products for freelancers, has raised $15 million in a Series A funding round. The company has seen rapid growth, with transactions up 700% since the beginning of the pandemic and nearly 100,000 accounts opened since its launch in 2019. Lili plans to use the funding to expand its engineering team and accelerate its growth. The Series A round was led by previous investor Group 11, with participation from other investors including Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and new backer Zeev Ventures.
InvestmentExpand
growth-positive
Lili raises $10M for its freelancer banking app
Lili, a startup focused on banking solutions for freelancers, has raised $10 million in seed funding. The company offers an all-in-one solution, providing a bank account and financial tracking tools. Lilis account comes with a Visa business debit card and has no fees or minimum balance requirements. The startup estimates it can save freelancers up to 60 hours and $1,700 per year. Lili has already gained traction, with tens of thousands of freelancers across all 50 states in the U.S. using the platform. The funding round was led by Group 11, with participation from other venture capital firms.
InvestmentExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $80M |
| Last funding | $55M |
| Stage | B |
| Rounds | 3 |
| Investors | 9 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | lili.co |
| App Store | App Store |
| Google Play | Google Play |
Locations
Yigal Alon Street 94, Tel Aviv-Yafo, Israel
250 Greenwich St, New York, NY 10007, USA
Photos & Videos
2 item(s)
Lili Business
Business models
B2B2C
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechPersonal Finance ManagementTarget Customer
ConsumersProfessionals & Gig EconomyFreelancersFinancial ServicesAccountingTaxCore Technology
Platforms & InterfacesSoftwareWebTags (7)
freelancersmobile-applicationsfinancial-servicesfintechpersonal-financebankspaymentsGeographic Markets
United StatesLili Financials
$80M
Total funding
Undisclosed
Capital raised
$55M
Last funding
B
Funding stage
3
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$10.0MJun 2020
$65.0MMay 2021
$80.0MOct 2020
Private Equity Funding
B Round
May 2021
$55M
Group 11 (Lead)
,
AltaIR Capital, Target Global
A Round
Oct 2020
$15M
Group 11 (Lead)
,
Oren Zeev, AltaIR Capital, Torch Capital, Foundation Capital, AltaClub, Primary Venture Partners
Seed
Jun 2020
$10M
Group 11 (Lead)
,
SilverTech Ventures, Primary Venture Partners, Torch Capital, AltaClub, Foundation Capital, AltaIR Capital
Lili Lifecycle
Cumulative Funding Raised Over Time
$10.0MJun 2020
$65.0MMay 2021
$80.0MOct 2020
All Events
B Round
May 2021
$55M
Group 11 (Lead)
,
AltaIR Capital, Target Global
A Round
Oct 2020
$15M
Group 11 (Lead)
,
Oren Zeev, AltaIR Capital, Torch Capital, Foundation Capital, AltaClub, Primary Venture Partners
Seed
Jun 2020
$10M
Group 11 (Lead)
,
SilverTech Ventures, Primary Venture Partners, Torch Capital, AltaClub, Foundation Capital, AltaIR Capital
Lili News
3 articles
growth-positive
Banking App Lili Raises $55 Million To Help Freelancers Tackle Expenses, Access Credit
Lili, a digital banking app for freelancers, has announced a $55 million Series B round led by Group 11, with participation from Target Global and Altair. The app has seen over 1500% revenue growth in the last year and has reached 200,000 customers. Lili aims to provide financial services to freelancers, who often face difficulties accessing traditional banking services. The app offers a checking account with no monthly fees or minimum balance, as well as a partnership with Visa for a debit card. Lili plans to use the funding to expand its platforms, introduce new features, and enter the credit sphere to help freelancers access loans and credit cards.
CustomersInvestment
growth-positive
Freelancer banking startup Lili raises $15M
Lili, a startup creating a bank account and associated products for freelancers, has raised $15 million in a Series A funding round. The company has seen rapid growth, with transactions up 700% since the beginning of the pandemic and nearly 100,000 accounts opened since its launch in 2019. Lili plans to use the funding to expand its engineering team and accelerate its growth. The Series A round was led by previous investor Group 11, with participation from other investors including Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and new backer Zeev Ventures.
InvestmentExpand
growth-positive
Lili raises $10M for its freelancer banking app
Lili, a startup focused on banking solutions for freelancers, has raised $10 million in seed funding. The company offers an all-in-one solution, providing a bank account and financial tracking tools. Lilis account comes with a Visa business debit card and has no fees or minimum balance requirements. The startup estimates it can save freelancers up to 60 hours and $1,700 per year. Lili has already gained traction, with tens of thousands of freelancers across all 50 states in the U.S. using the platform. The funding round was led by Group 11, with participation from other venture capital firms.
InvestmentExpand
Lili Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 157 |
| Team members | 2 |
Similar Companies
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Lili Internal
Recent Updates
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Admin Info
| Confidence | 102/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515916757 |
| Crunchbase | lili-9f45 |
| Creator | Hilla Gorokhovsky |
| Creator email | hilla.gorokhovsky@sncentral.org |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | genys30@yahoo.com |
| Last update | 2021-06-02T00:00:00.000Z |
| Created | 2020-03-04T00:00:00.000Z |
| Claimed | Yes |