Lili (platform)
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| 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, business credit card |
| 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
[edit]Lili was founded in 2018 by Lilac Bar David and Liran Zelkha.[3][4][5] It began offering its service in 2019 and became publicly available in the United States in January 2020.[6]
In June 2020, Lili raised $10 million in a seed funding round led by venture firm Group 11.[3] 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.[7]
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][8] Later that year, Lili introduced its paid subscription plans, offering advanced financial tools and features for business owners.[9]
In 2022, Fast Company named Lili one of its "World's 50 Most Innovative Companies."[9]
In 2024, Tearsheet announced Lili as the best bank for SMBs.[10] 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.[11]
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.[12]
Products
[edit]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.[13]
In 2025, Lili added multi-currency international payments and specialized banking solutions for ecommerce platforms and non U.S. residents.[14][15] Later that year, it launched the BusinessBuild credit-building program in collaboration with Dun & Bradstreet.[16]
References
[edit]- ^ 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.
- ^ a b Ha, Anthony (June 3, 2020). "Lili raises $10M for its banking app". TechCrunch.
- ^ "Creators Are Mostly Women. Where's the Money For Women-Led Creator Startups?". The Information.
- ^ "Quick Fire Q&A". FT.
- ^ a b Lunden, Ingrid (May 11, 2021). "Lili, a neobank aimed at small businesses, raises $55M as it passes 200K users". TechCrunch.
- ^ 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".
- ^ "Lili Teams With Dun & Bradstreet on Business Banking". 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".
- ^ "Lili partners with Dun & Bradstreet to boost small business banking and credit access". August 14, 2024.
- ^ "Lili Adds International Wire Payments to Small Business Financial Platform". February 19, 2025.
- ^ Khairi, Sara (April 3, 2025). "Banking Without Borders: How Lili is making US banking accessible to international SMBs".
- ^ Bramwell, Jason (July 30, 2025). "Lili Unveils BusinessBuild Program to Help Small Businesses Build Their Credit Profile".