Lettuce Financial, a US-based fintech start-up serving solopreneurs, has completed a $28 million funding round to enhance its AI-powered platform for independent workers.
The investment round was led by long-term backer Zeev Ventures, which previously led Lettuce’s $6 million seed round in March 2024 as well as its $15 million Series A a few months later in August 2024.
Established in 2023 by Ran Harpaz to address the financial needs of solopreneurs, contractors, and freelancers, Lettuce’s platform automates tax and accounting processes while providing an array of business management tools, including expense tracking, banking services, invoicing, and payroll processing.
The company’s latest cash injection will fund its platform expansion initiatives, focusing on retirement planning with Solo 401(k) and SEP IRA guidance. New features include multiple plan choices, real-time insights on tax implications and transaction classifications, and benefit comparisons.
Additionally, Lettuce says it is planning to upgrade its AI services to improve “workflow and accessibility”. The enhancements will include a voice interface that “enables solopreneurs to manage their business operations conversationally”.
Along with the fresh funding, Lettuce has also announced its acquisition of Besolo, an Arizona-based start-up focused on health and retirement benefits access. Besolo, founded in 2023, will combine its healthcare services with Lettuce’s financial platform, with its founding team joining the company to lead Lettuce’s healthcare offering. The financial terms of the deal have not been disclosed.
Source: https://www.fintechfutures.com/
