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, business credit card, accounting, and tax tools |
| Services | Banking, accounting, business credit |
| Website | lili |
Lili is a financial technology platform based in New York. It provides banking, accounting, and business credit services to small businesses.[1][2]
History
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]
Platform
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. Paid plans include accounting and tax tools for transaction categorization and tax deduction tracking. Lili also offers a business credit tool that reports secured credit card transactions to Dun & Bradstreet to help build the business’s credit profile.[11][12]
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".
- ^ https://www.inc.com/profile/lili
- ^ a b Ha, Anthony (June 3, 2020). "Lili raises $10M for its freelancer banking app".
- ^ "Creators Are Mostly Women. Where's the Money For Women-Led Creator Startups?". The Information.
- ^ "Client Challenge". www.ft.com.
- ^ a b Lunden, Ingrid (May 11, 2021). "Lili, a neobank aimed at freelancers, raises $55M as it passes 200K users".
- ^ Ha, Anthony (October 22, 2020). "Freelancer banking startup Lili raises $15M".
- ^ Orbach, Meir (May 11, 2021). "Fintech startup Lili raises $55 million series B". CTECH - www.calcalistech.com.
- ^ a b https://www.fastcompany.com/90721959/neobank-lil-ceo-lilac-bar-david-freelancers-tax-planning
- ^ Rao, Shabih (December 18, 2024). "Announcing the 2024 winners of Tearsheet's SMB Finance Awards".
- ^ Khairi, Sara (April 3, 2025). "Banking Without Borders: How Lili is making US banking accessible to international SMBs".
- ^ "Lili partners with Dun & Bradstreet to boost small business banking and credit access". August 14, 2024.