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Lili

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Average star rating
4.0
Serving customers since
2018
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Lili

1 review

Lili is an all-in-one financial platform tailored for small business owners, combining business banking, accounting, invoicing, and tax preparation into a single, user-friendly interface. Designed to simplify financial management, Lili empowers entrepreneurs to focus on growing their businesses with confidence. Key Features and Functionality: - Business Banking: Offers a business checking account with a Lili Visa® Debit Card, no hidden fees, and no minimum balance requirements. - Accounting Tools: Provides smart bookkeeping with instant transaction categorization, automated reports, and seamless integration with platforms like QuickBooks and Xero. - Tax Preparation: Automates tax savings by setting aside funds with each payment received and generates pre-filled tax forms to streamline the filing process. - Invoicing Software: Enables the creation and sending of professional invoices, tracking payments, and sending reminders, all within the platform. - Savings Account: Offers a high-yield savings account with an Annual Percentage Yield of up to 3.00%, helping businesses grow their savings efficiently. - Credit-Building Program: Provides tools to build and monitor business credit profiles, including a secured credit card and real-time alerts, in collaboration with Dun & Bradstreet. Primary Value and Solutions: Lili addresses the unique financial challenges faced by small business owners by integrating essential financial services into one cohesive platform. This integration eliminates the need for multiple tools, reducing complexity and saving time. By offering features like automated tax savings, real-time expense tracking, and seamless invoicing, Lili helps entrepreneurs maintain financial clarity and compliance, ultimately supporting business growth and stability.

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Lili Reviews

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Kristen N.
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Kristen N.
08/13/2024
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Review source: G2 invite
Incentivized Review

Lili is a great banking option for small businesses

Invoicing, mobile app, low fees are great

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HQ Location:
New York, US

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What is Lili?

Lili is an award-winning business banking platform for growing small businesses in the United States. It offers fee-free business checking with no monthly fees, no minimum balances, and no overdraft fees, plus fast money movement via Express ACH, domestic and international wires, and expedited check deposits. The platform is designed to support day-to-day business operations as well as higher transaction volumes as a business grows. Businesses can earn up to 4.00% APY on savings with no minimums or lockups, with funds protected up to $3M in FDIC insurance through sweep networks. Lili integrates with QuickBooks, Xero, Gusto, Stripe, Shopify, and Square, supports team access with role-based permissions, and provides 7-day support with 24/7 smart assistance. Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks, N.A., Member FDIC. APY is variable and subject to change.

Details

Year Founded
2018
Website
lili.co