Lili named in 2021 CB Insights Fintech 250 list of best Fintech startups | Business
NEW YORK – (BUSINESS WIRE) – October 7, 2021–
CB Insights today named Lili to the Fourth Annual Fintech 250, a prestigious list highlighting emerging private companies creating breakthrough financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York.
âIt’s the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are tackling an incredibly diverse range of financial services opportunities across 19 industries including digital banking, insurance, payroll, retail investing, and more. âSaid Anand Sanwal, CEO of CB Insights. âAfter being named in the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 be acquired. They have also raised over $ 25 billion in additional funding and forged over 380 new partnerships after being recognized. The Fintech 250 has always put the spotlight on the best fintech companies, and this year is no different. We’re excited to see how these fintech startups are disrupting and transforming financial services in the years to come. “
âWith over 60 million freelance workers in the United States and many more looking to join the movement, freelancers are the future of the American workforce,â said CEO Lilac Bar David. âAs an underserved, misunderstood and yet essential working population, we want to ensure that freelancers have access to the tailored tools and services they need to thrive and grow their businesses. We are thrilled to be recognized as one of the most innovative fintech companies by CB Insights as we tackle the unique financial challenges faced by freelancers. “
While COVID-19 has led people of different generations to become independent, Lili has grown at an exponential rate over the past 12 months to serve and educate new independents. Lili’s customer base has grown to over 375,000 customers, which represents a growth of 1,500% compared to the same period last year. In response to the direct feedback Lili has received from the freelance community, Lili launched a premium product earlier this year, Lili Pro, which, at $ 4.99 per month, gives users access to tools. additional financials such as free overdrafts and interest savings; and sophisticated business solutions such as unlimited billing. As a testament to Lili Pro’s success, around half of Lili’s new customers immediately opt for the premium Lili Pro service.
Using an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by companies, companies ‘business models and market dynamics, and Mosaic scores, CB Insights’ proprietary algorithm that measures overall health and potential for growth. growth of private enterprises.
Lili is an all-in-one banking app designed for freelancers and auxiliaries, combining a checking account with a set of essential business tools. With no minimum balance and no charge overdraft, Lili also provides self-employed workers with invoicing software, a tax planning solution and an expense management feature to optimize their tax refund. Every freelancer knows that good bookkeeping comes down to keeping track of 4 things: invoices, payments, receipts, and expenses. Lili now lets you manage everything in one place. Led by serial entrepreneurs with 20 years of experience in FinTech, CEO Lilac Bar David and CTO Liran Zelkha, Lili is backed by Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital and Zeev Ventures . Founded in 2018, Lili is headquartered in New York City and serves clients in all 50 states. Banking services are provided by Choice Financial Group Inc., a member of the FDIC. To find out more, visit Lili.co.
About CB Insights
CB Insights creates software that empowers the world’s best companies to confidently discover, understand, and make technology decisions. By combining data, expert opinion and work management tools, clients manage their end-to-end technological decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
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CONTACT: Naomi Hung, Biseau
[email protected] CB Insights
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY FINANCE SECURITY BANKING TELECOMMUNICATIONS PROFESSIONAL SERVICES INTERNET SOFTWARE DATA MANAGEMENT
Copyright Business Wire 2021.
PUB: 07/10/2021 9:00 a.m. / DISC: 07/10/2021 09:02 a.m.
Copyright Business Wire 2021.