Lettuce Financial
Lettuce is an automated tax and accounting solution tailored for solopreneurs, contractors, and freelancers, designed to unlock their business's potential.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $15.0m | Series A | |
| Total Funding | 000k | ||
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Lettuce Financial offers an automated tax and accounting platform specifically designed for solopreneurs, freelancers, and independent contractors, a market segment the company identifies as historically underserved. Founded in 2023 by Ran Harpaz, the company aims to simplify financial management for the self-employed, addressing the common issue of tax overpayment, which it estimates to be around $15,000 annually for individuals earning over $100,000.
The founder and CEO, Ran Harpaz, brings extensive experience from executive roles at companies like Hippo Insurance, PayPal, and Noname Security. His background as a serial entrepreneur and his experience leading high-growth technology firms, including three unicorns, informed the creation of Lettuce. Harpaz, who has also been a solopreneur, built the company with a team of fellow independent professionals to create a solution based on personal experience with the segment's challenges. The company launched in March 2024 with a $6 million seed round and subsequently raised a $15 million Series A in August 2024, both led by Zeev Ventures.
Lettuce Financial operates on a subscription-based business model, offering two primary plans: Lettuce Pro at $299 per month and Lettuce Premium at $525 per month. The platform provides an end-to-end financial system that automates processes such as company formation (S Corp), tax withholding, payroll management, and expense tracking. As client payments are received, the system automatically allocates funds for salary, taxes, expenses, and profits. A key feature is LettuceHead AI, an AI-powered chatbot trained to answer specific tax and accounting questions for solopreneurs. To build trust, the company offers a guarantee to refund fees if a customer does not save on taxes. Banking services for Lettuce are provided by TransPecos Banks, SSB.
Keywords: solopreneur finance, freelance accounting, independent contractor taxes, automated tax software, S Corp formation, business-of-one, financial management for freelancers, tax optimization, Ran Harpaz, LettuceHead AI, automated bookkeeping, payroll for solopreneurs, fintech for self-employed, expense tracking, quarterly taxes, business financial system, Zeev Ventures, back-office automation