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LOS ANGELES, May 20, 2021 /PRNewswire/ Sunbit, the preferred buy now, pay later (BNPL) technology for everyday needs and services, today announced a $130 million series D round of funding. The round was led by returning investor Group 11, a leading venture capital firm known for backing some of the most disruptive fintech companies. Other stakeholders include returning investor Zeev Ventures, and new investors Migdal Insurance, Harel Group, AltaIR Capital, and More Investment House. Guy Fischer, Chief Investment Officer for Migdal Insurance, joined the company s board as an observer. The series D capital raise values Sunbit at $1.1 billion, making the company the latest to join the ranks of fintech unicorns.
Lili, a neobank aimed at freelancers, raises $55M as it passes 200K users
A startup that has built a neobank specifically to address the needs of freelancers and sole traders has picked up a growth round to continue expanding its business after seeing its usage grow by 1,500% in a year.
Lili, which provides a way for freelancers to use a single account both to manage their work and personal financial lives, along with tools to help manage the particular financial and accounting demands that come with being a one-person business, has picked up $55 million in a Series B round that it will be using to continue expanding its platform.
Banking App Lili Raises $55 Million To Help Freelancers Tackle Expenses, Access Credit forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Israeli freelancer banking app co Lili raises $55m
Lili has doubled its account base in the past 6 months as more users pursue new, entrepreneurial endeavors.
Israeli mobile banking service for freelancers in the US Lili today announced the completion of a $55 million Series B financing round led by Group 11, with the participation of previous investors including Target Global and AltaIR. This brings total funding raised by Lili to $80 million, following a record year of growth and revenue for Lili.
Lili was founded by CEO Lilac Bar David and CTO Liran Zelkha, who previously founded Pepper, Bank Leumi s (TASE: LUMI) digital bank. Lili has doubled its account base in the past 6 months as more users pursue new, entrepreneurial endeavors and turn to Lili as a reliable resource for their growing businesses.