Lili in the press

Lili raises $10 million for its freelancer banking app

The account comes with a Visa business debit card and is unencumbered by account fees, overdraft fees, foreign transaction fees or minimum balance requirements.The startup estimates that it can save freelancers up to 60 hours and $1,700 per year.

Why Banks Must Gear Up For A Growing Freelancer Base.

Lili aims to focus on freelancers specifically with its financial services that include account and tax services. In a recent interview with PYMNTS, CEO Lilac Bar David explained that the unique financial challenges of freelancers warrant a service provider specific to this customer base.

Lili announced it has raised seed funding round to empower modern workers with the financial tools and services they need to balance work and life.

There are nearly 60 million freelancers in the U.S., making up 35% of the American workforce. Lili is the only company that combines banking services with real-time expense tracking, tax tools and financial insights, so freelancers can stay in control of their finances

Lili, a startup building banking products to meet the needs of freelance workers, is announcing that it has raised seed funding.

Group 11 led the round, which included contributions from Foundation Capital, AltaIR Capital, Primary Venture Partners and Torch Capital.

Lili, a startup building banking products to meet the needs of freelance workers, is announcing that it has raised seed funding.

“No traditional banking solutions are really designed to solve the problems faced by freelancers — whether they’re designers, programmers, fitness instructors, chefs or beauty professionals. She described Lili as the first “all-in-one” solution, offering both a bank account and a broader suite of financial tracking tools”.