What is Lance?
Founded in 2018 and based in New York, NY, Lance operates as a finance management company and business banking platform specifically tailored for freelancers. The company aims to streamline financial operations for independent professionals by offering tools for invoicing, expense tracking, and banking services. This focus addresses a critical need within the growing gig economy, providing freelancers with the infrastructure to manage their businesses more effectively and professionally. Lance's platform seeks to bridge the gap between traditional banking services and the unique financial requirements of freelance workers.
How much funding has Lance raised?
Lance has raised a total of $2.8M across 1 funding round:
Angel/Seed
$2.8M
Angel/Seed (2021): $2.8M with participation from Great Oaks Venture Capital, Barclays, and BDM International
Key Investors in Lance
Great Oaks Venture Capital
Great Oaks Venture Capital is an early-stage investment firm that supports founders building transformative companies, with a focus on Pre-Seed, Seed, and Series A rounds across various sectors including financial services.
Barclays
Barclays PLC is a global universal bank headquartered in London, offering a wide range of financial services including corporate and investment banking, and wealth management.
BDM International
B.D.M. International is an educational institution in South Kolkata, recognized for its comprehensive curriculum and holistic development programs for students.
What's next for Lance?
The recent major strategic investment signals a pivotal moment for Lance, likely enabling the company to accelerate its product development, expand its market reach, and enhance its service offerings for freelancers. This capital infusion is expected to fuel further innovation in financial management tools and business banking solutions, solidifying Lance's position as a key player in the fintech sector catering to independent workers. The company is poised for significant scaling, potentially exploring new features and partnerships to further empower its user base.
See full Lance company page
