Lili (platform)
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2018 |
| Founders | Lilac Bar David Liran Zelkha |
| Headquarters | , |
Key people | Lilac Bar David (CEO) Liran Zelkha (CTO) |
| Products | Business checking account |
| Services | Banking, business credit |
| Website | lili |
Lili is a financial technology platform based in New York. It provides online banking services to small businesses.[1][2]
History
Lili was founded in 2018 by Lilac Bar David and Liran Zelkha.[3][4]
The platform’s user base grew significantly during the COVID-19 pandemic, reaching nearly 100,000 accounts by the end of that year. In October 2020, Lili secured a $15 million Series A round to support this growth.[5]
In May 2021, Lili raised an additional $55 million in a Series B round, bringing its total funding to $80 million. By that time, the company had surpassed 200,000 users.[6] Later that year, Lili introduced its paid subscription plans, offering advanced financial tools and features for business owners.[7]
In 2022, Fast Company named Lili one of its "World's 50 Most Innovative Companies."[7]
In 2024, TearSheet announced Lili as the best bank for SMBs.[8] On August 13, 2024, Lili announced a partnership with Dun & Bradstreet to provide small business owners with tools and insights to start building and tracking their business credit.[9]
In 2025, Lili announced a shift in its target audience, moving away from freelancers and repositioning its product to serve small businesses. As part of this shift, Lili increased its FDIC insurance coverage to $3 million.[10]
Products
At its core, Lili provides a business checking account that supports all standard payment methods, including domestic and international wire transfers, ACH, check deposits, and cash deposits.[11]
In 2025, Lili added multi-currency international payments and specialized banking solutions for ecommerce platforms and non U.S. residents.[12][13] Later that year, it launched the BusinessBuild credit-building program in collaboration with Dun & Bradstreet.[14]
In 2026, Lili centralized money management for multi-employee businesses, enabling multiple users to access an account with clear permissions and full visibility and so eliminating the need for shared logins.[15] Additionally in 2026, Lili began offering services aimed at high-revenue businesses: high-yield savings accounts, expanded FDIC insurance, and expedited payment methods.[16]
References
- ^ Khairi, Sara (August 8, 2024). "From a duo to almost 100 FTEs: How Lili's co-founder refines product through her experience owning an SMB".
- ^ "Lili - Provides a financial platform offering advanced business banking to SMBs". Inc.
- ^ "Creators Are Mostly Women. Where's the Money For Women-Led Creator Startups?". The Information.
- ^ "Quick Fire Q&A". FT.
- ^ Ha, Anthony (October 22, 2020). "Banking startup Lili raises $15M". TechCrunch.
- ^ Orbach, Meir (May 11, 2021). "Fintech startup Lili raises $55 million series B". CTECH - www.calcalistech.com.
- ^ a b Harris, Ainsley (8 March 2022). "Why neobank Lili is putting women entrepreneurs first". Fast Company.
- ^ Rao, Shabih (December 18, 2024). "Announcing the 2024 winners of Tearsheet's SMB Finance Awards". TearSheet.
- ^ "Lili Teams With Dun & Bradstreet on Business Banking". PYMNTS. August 13, 2024.
- ^ Chowdhry, Amit (November 17, 2025). "Lili Expands FDIC Insurance To $3 Million And Raises High-Yield Business Savings Rate To 4% APY". Pulse 2.0.
- ^ "Lili partners with Dun & Bradstreet to boost small business banking and credit access". ASBN. August 14, 2024.
- ^ "Lili Adds International Wire Payments to Small Business Financial Platform". PYMNTS. February 19, 2025.
- ^ Khairi, Sara (April 3, 2025). "Banking Without Borders: How Lili is making US banking accessible to international SMBs". TearSheet.
- ^ Bramwell, Jason (July 30, 2025). "Lili Unveils BusinessBuild Program to Help Small Businesses Build Their Credit Profile". CPA Practice Advisor.
- ^ Alam, Shadab (January 28, 2026). "Lili Banking broadens offering, building for multi-employee businesses". MSN. Retrieved February 17, 2026.
- ^ "Lili is shaping its online banking product towards high revenue small businesses". Technology.org. January 26, 2026. Retrieved February 17, 2026.