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Lillio

“Can a childcare operations platform become the financial backbone of every daycare in North America?”

Founded2013
HQToronto, Ontario, Canada
FoundersRon Spreeuwenberg, Alana Frome
Latest roundSeries B, 2022 (C$70M)
IndustryVertical SaaS / Childcare
The story

Founded in 2013 as HiMama, the company built the leading childcare center management software in North America, expanding from parent communication into billing, curriculum, and professional development. A C$70M Series B from Bain Capital Double Impact in 2022 funded product expansion and an eventual 2023 rebrand to Lillio. Embedded payments are a core monetization vector — Canadian and legacy US merchants remain on Worldline/Bambora, while new US centers activated after August 2022 sit on a newer 'Lillio Payments' stack.

Last 12 months
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Product timeline
2013
HiMama founded in Toronto by Ron Spreeuwenberg and Alana Frome as a childcare center software platform.· pivot
2022
Raised C$70M Series B led by Bain Capital Double Impact; launched Lillio Payments (US) on new payments platform.· banking
2023
Rebranded from HiMama to Lillio.· pivot
The stack
3 layers disclosed in Lillio’s embedded-finance stack
Payments / PSP
WorldlineBamboraLillio Payments (self-operated)
Money movement
in the full report
Card network
in the full report
Accounting gap: significant
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.