New York based freelancer banking app raises $10m in Seed funding led by Group 11.
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Lili raises $10m for its freelancer banking app
More broadly, she suggested that 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. The account comes with a Visa business debit card and is unencumbered by account fees, overdraft fees, foreign transaction fees or minimum balance requirements. Bar David said Lili only makes money from card processing fees, which means “we will make money whenever you’re making money.”
