Neobank Lili raises USD 55 mln in Series B round

Wednesday 12 May 2021 10:50 CET | News

Lili, a neobank aimed at freelancers, has picked up USD 55 million in a Series B round that it will be using to continue expanding its platform.

The funding is being led by Group 11, a VC with a strong focus on fintech, with Target Global, AltaIR and previous investors also participating. The company has now raised USD 80 million and is not disclosing its valuation yet.

The company already provides users with a single account and payment card that can be used both for personal and business expenses, and an ‘assistant’ that analyses expenses and budget for paying future taxes based on your incomings. According to TechCrunch, it will also be expanding into invoicing, payment management, and credit for its customers.

Over time, the plan will be to continue adding in more tools and integrate with a wider set of third-party applications that freelancers might use to invoice customers or pay out invoices themselves. It already has integrations with Venmo and QuickBooks.

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Keywords: funding, fintech, e-invoicing
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech