 | |
| 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 online banking 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] 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]
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]