Lili in the press

Freelancer banking startup Lili raises $15M

It’s only been a few months since Lili announced its $10 million seed round, and it’s already raised more funding — namely, a $15 million Series A. “Our current investors were so tremendously impressed by the product-market fit and the growth” that they were willing to fund almost all of the new round, said CEO Lilac Bar David.

Axios Pro Rata Newsletter, 10.22.2020 Pro Rata​

Lili, a New York-based banking app for freelancers, raised $15 million. Group 11 led, and was joined by from Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures.

Lili’s CEO and Co-Founder, Lilac Bar David named one the 100 most powerful female founder of 2020

In the recent wave of neobanks, Lilac Bar David is a rare female founder. Born in Israel, she had her first hit back in 2015 with a mobile banking system for millennials called Pepper, which she grew to a team of 250 with her VP of R&D, Liran Zelkha. “Liran and I wanted to create a bigger impact. So we looked for a segment that is really underserved by the banking industry and has specific pain points that we can address.” The result is Lili, their U.S. neobank for freelancers and gig workers.

Lili Creates All-in-One Banking App Designed Exclusively for Freelancers (VIDEO)

As part of helping the unique challenges that freelancers face, the company offers both a bank account and a broader suite of financial tracking tools. Lilac Bar David, Founder and CEO of Lili, explains how her company is catering in ways other mobile banking companies are not.

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”.