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.
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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.
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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.
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