Lance

Lance Global, Inc. operates a neobanking platform specifically designed to address the financial management challenges faced by freelancers and solopreneurs. The company was co-founded by CEO Oona Rokyta, whose 15-year career in public relations and personal experience as a freelancer provided direct insight into the need for better financial tools for the self-employed. This experience, coupled with her background as a CA-certified tax preparer and a graduate certificate in financial planning, shaped the company's core offering.

Lance provides a business bank account that automates financial organization for users with variable incomes. The platform's primary function is to automatically sort incoming payments from both W2 and 1099 sources into distinct sub-accounts or "stacks". These stacks are designated for salary, tax withholdings, business expenses, and savings, allowing for a clear and real-time overview of cash flow. For instance, the system facilitates scheduled bi-weekly or monthly salary transfers to the user's personal account and sets aside funds for quarterly tax obligations.

The company operates on a freemium model. The basic account, which includes the automated allocation features, a business debit card with cashback, and unlimited transfers, is offered at no charge and has no minimum balance requirements. Revenue is generated through its "Lance Pro" subscription, a paid tier that adds features such as automatic quarterly tax payments to the IRS and the generation of pre-populated Schedule C forms. To date, Lance has raised $1.42 million in seed funding from investors including Barclays, Techstars, and Great Oaks Capital.

Keywords: neobanking, freelancer finance, solopreneur banking, automated accounting, tax automation, expense tracking, business banking, cash flow management, financial management, subscription model