About Lili
Lili is a company based in New York (United States) founded in 2018 by Lilac Bar David and Liran Zelkha.. Lili has raised $80 million across 3 funding rounds from investors including Altair, Foundation Capital and Group 11. Lili offers products and services including Business Banking, Accounting Software, Tax Preparation, and Payments. Lili operates in a competitive market with competitors including Melio, Settle, Esker, Routable and Tradeshift, among others.
- Headquarter New York, United States
- Founders Lilac Bar David, Liran Zelkha
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Lili App Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80 M (USD)
in 3 rounds
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Latest Funding Round
$55 M (USD), Series B
May 11, 2021
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Investors
Altair
& 7 more
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Employee Count
Employee Count
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Products & Services of Lili
Lili offers a comprehensive portfolio of products and services, including Business Banking, Accounting Software, Tax Preparation, and Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account with debit card and no hidden fees for transactions.
Platform for categorizing transactions and generating reports.
Automates savings and generates tax forms for businesses.
Handles bill pay and invoicing for cash flow management.
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Funding Insights of Lili
Lili has successfully raised a total of $80M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $55 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $55.0M
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First Round
First Round
(03 Jun 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - Lili | Valuation | Group 11 | |
| Oct, 2020 | Amount | Series A - Lili | Valuation | Group 11 | |
| Jun, 2020 | Amount | Seed - Lili | Valuation | Group 11 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lili
Lili has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Altair, Foundation Capital and Group 11. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in fintech companies are made by Group 11.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lili
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lili
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lili Comparisons
Competitors of Lili
Lili operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Melio, Settle, Esker, Routable and Tradeshift, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blood-based pathogen detection devices are manufactured for healthcare applications.
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| domain | founded_year | HQ Location |
Cloud-based cash flow management is provided for payers and vendors.
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| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online invoicing and payment software is provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based source-to-pay management solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lili
Frequently Asked Questions about Lili
When was Lili founded?
Lili was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Lili located?
Lili is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Lili?
Lilac Bar David is the current CEO of Lili. They have also founded this company.
Is Lili a funded company?
Lili is a funded company, having raised a total of $80M across 3 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Jun 03, 2020.
What does Lili do?
Lili was founded in 2018 in New York, United States, as a digital bank focused on freelancers within the fintech sector. Operations include digital accounts, prepaid cards for purchases, bill payments, and money transfers. Additional services encompass expense management, tax allocation buckets, automated savings, tax refund processing, and invoice creation. These features support financial management for independent workers in the U.S.
Who are the top competitors of Lili?
Lili's top competitors include Routable, Settle and Tradeshift.
What products or services does Lili offer?
Lili offers Business Banking, Accounting Software, Tax Preparation, and Payments.
Who are Lili's investors?
Lili has 8 investors. Key investors include Altair, Foundation Capital, Group 11, Target Global, and AltaIR Capital.