Many businesses have benefited from the digital shift and lifestyle changes brought on by the coronavirus, but few have seen the kind of growth that the freelancer-banking app Lili has since the traditional economy went dark in March.

“We have seen a huge uptick in volumes ever since the COVID started — a 700 percent increase in volumes and account openings,” Lili Co-founder and CEO Lilac Bar David told PYMNTS in a recent interview. She said the company has almost reached 100,000 accounts, “which is a record number for us.”

Bar David co-founded Lili two years ago, but the app has been live for less than a year. It specializes in offering banking services, expense tracking, tax and financial services in one place for freelance workers of all kinds — from accountants to models.

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