Fintech startup Lili raises $55 million series B
The Israeli company has doubled its number of clients to 200,000 over the past six months and took its total funding raised over the past year to $80 million
Meir Orbach | 23:00 11.05.2021
Israeli fintech company Lili, which provides digital banking services for small businesses and freelancers in the U.S., has raised a $55 million series B led by Dovi Frances' Group 11. Target Global, AltaIR and previous investors also participated in the round. The company has now raised $80 million in total after completing its third funding round within a year. Led by serial entrepreneurs with 20 years of fintech experience, CEO Lilac Bar David and CTO Liran Zelkha, Lili, which was founded in 2018, employs 40 people, 25 of them in Israel and the rest in New York. The company said that it doubled its number of clients to 200,000 over the past six months. Lili, which combines banking services with real-time expense tracking, tax tools and financial insights, is expected to increase its workforce by an additional 50 employees, most of them in Israel, by the end of the year.