# Lili

> Lili is a New York-based financial technology company that runs an all-in-one business banking platform for small businesses. It bundles a fee-free business checking account with built-in accounting, expense management, invoicing, automated tax savings and high-yield savings - collapsing tools that owners would otherwise stitch together. Founded in 2018 by Lilac Bar David and Liran Zelkha, Lili started serving freelancers and solopreneurs and has since repositioned toward growing, multi-employee small businesses. Banking services are provided through partner bank Sunrise Banks, N.A., Member FDIC.

- **Founded:** 2018
- **Headquarters:** New York, United States
- **Founders:** Lilac Bar David (Co-founder & CEO), Liran Zelkha (Co-founder & CTO)
- **Team size:** ~170 employees
- **Products:** Business Checking Account, Accounting & Smart Bookkeeping, Tax Optimizer / Automated Tax Savings, Invoicing & Payments, BalanceUp Overdraft
- **Notable:** Named one of Fast Company's World's 50 Most Innovative Companies (2022), Recognized by Tearsheet as a best bank/platform for SMBs (2024), Grew to 200,000+ users within roughly two years of launch

## Products & services

- **Business Checking Account** — Fee-free business checking with a Lili Visa debit card, no minimum balance, ACH and domestic/international wire transfers, mobile check deposit and cash deposits. Banking provided by Sunrise Banks, N.A., Member FDIC.
- **Accounting & Smart Bookkeeping** — Built-in bookkeeping that categorizes transactions in real time, captures receipts, and generates profit-and-loss statements, balance sheets and expense reports.
- **Tax Optimizer / Automated Tax Savings** — Automatically sets aside a percentage of income into a tax bucket and provides tools and reports to simplify tax preparation and filing.
- **Invoicing & Payments** — Create and send invoices, accept payments, and integrate with payment apps for freelancers and small businesses.
- **BalanceUp Overdraft** — Fee-free overdraft protection of up to a set limit for eligible account holders.
- **BusinessBuild Credit Building** — A credit-building program that reports business banking activity to Dun & Bradstreet to help small businesses establish and grow a credit profile.
- **High-Yield Business Savings** — Tiered high-yield savings paying up to 4.00% APY, with FDIC insurance coverage expanded to $3M via Sunrise Banks.
- **MCP Server for Accountants** — A secure Model Context Protocol server that connects AI assistants to client-authorized banking data so accountants can access and analyze client finances faster.

## Achievements

- Named one of Fast Company's World's 50 Most Innovative Companies (2022)
- Recognized by Tearsheet as a best bank/platform for SMBs (2024)
- Grew to 200,000+ users within roughly two years of launch
- Raised $83M in total funding across seed, Series A and Series B
- Expanded FDIC insurance coverage to $3M and savings APY to 4.00% (2025)

## Latest updates

- **2026-01** — Announced its 2026 business banking platform redesigned for growing, multi-employee small businesses with higher transaction volumes, larger balances and team access.
- **2026-01** — Launched an MCP server that connects AI assistants to client-authorized banking data for accountants and bookkeepers.
- **2025-11** — Raised its high-yield business savings to up to 4.00% APY and increased FDIC insurance coverage to $3M through Sunrise Banks.
- **2025-01** — Introduced BusinessBuild credit-building (reporting to Dun & Bradstreet) and multi-currency international payments; began strategic shift toward higher-revenue businesses.

## Links

- Website: https://lili.co
- LinkedIn: https://www.linkedin.com/company/hellofromlili
- Twitter/X: https://twitter.com/hellofromlili
- YouTube: https://www.youtube.com/@hellofromlili
- Instagram: https://www.instagram.com/hellofromlili/
- Facebook: https://facebook.com/hellofromLili/

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Profile page: https://yespress.io/lili
Published by YesPress — https://yespress.io
Last updated: 2026-07-19