Lili, a NYC-based banking app designed for freelance workers, raised $15M in funding.
The round, which brought the total amount raised to $25m, following the seed round raised in June, was led by Group 11, with participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, and Zeev Ventures.
The company intends to use the funds to expand its product and engineering teams and accelerate customer adoption.
Co-founded by CEO Lilac Bar David and CTO Liran Zelkha, Lili is a banking app designed for freelance workers combining banking services with real-time expense tracking, tax tools, and financial insights. Freelancers across dozens of industries and all 50 states have opened accounts via the iOS and Android mobile apps. Customers gain free access to 38,000 ATMs across the country without a minimum balance requirement and they pay zero account, overdraft, or foreign transaction fees. Nearly 100,000 freelancers span across many industries, from e-commerce shop owners to designers, programmers, fitness instructors, construction workers, chefs, beauty professionals, and more.
The company has more than 200 employees.