Lili, a neobank aimed at freelancers, raises $55M

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 1500% in a year, TechCrunch reports.

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.

Read more: TechCrunch