Lance

Company Overview

Snapshot

Founded in July 2018 by Oona Rokyta, Tom Reuveni, Oren Reuveni, and Gilad Uziely, Lance operated with 51–200 employees. The company raised a total of $2.8M across four funding rounds from 11 investors.

Business overview

Lance developed a mobile application designed to simplify financial planning and management for freelancers. The app enables users to consolidate expenses and paid invoices from various bank accounts and credit cards into a single platform. It facilitates the categorization of expenses for tax deductions and provides a dashboard for tracking spending patterns, offering forecasts and recommendations for improved financial decisions, payments, and tax refunds. Lance operates within the Fintech & Insurtech sector, serving the gig economy and SMBs with personal finance management and operations solutions.

Strategic signal

Lance ceased operations in July 2023, indicating a significant strategic shift and the conclusion of its business activities. This event signals to investors and innovation teams a complete exit from the market, highlighting the inherent risks and challenges within the fintech space targeting the freelance economy.

Company Intelligence Q&A

What is Lance's current operational status?

Lance ceased to operate in July 2023.

When was Lance founded and by whom?

Lance was founded in July 2018 by Oona Rokyta, Tom Reuveni, Oren Reuveni, and Gilad Uziely.

What was Lance's total disclosed funding?

Lance raised a total of $2.8M across four funding rounds.