 | |
| 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]
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]
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]