Lili, a neobank, announced Tuesday that it has raised $55 million in this latest round of fundraising, giving it $80 million in capital raised so far. Since its prior funding round in November last year, the company’s customer base has doubled, and it currently has over 200,000 active accounts.
The New York-based fintech serves a category of consumers who are not catered to by the majority of financial institutions, Bar David said.
“Up until today, you had consumer banking on one side and business banking on the other side,” Bar David said. Lili is serving a specific segment of self-employed workers and entrepreneurs in the economy who have banking needs that are a cross between those of a business and a consumer, Bar David said.
