Lili

“Many small business owners struggle to get their businesses off the ground because they lack financial knowledge and the funds to invest in a robust task force or systems to help them succeed,״ said our CEO, Lilac Bar David. “Despite this knowledge gap, according to a recent Lili survey, 80% of small business owners handle their own accounting and finances. Embracing generative AI could help boost financial literacy among small business owners, giving more owners accessible tools to succeed.” In her recent op-ed featured in CPA Practice Advisor, Bar David discusses how generative AI will disrupt accounting. She highlights the increasing expectation for accounting professionals to adopt a technology-centric approach, even though many organizations still rely on outdated processes that cause frustrations among workers and slow down the ability of business leaders to optimize their strategic focus. #AI #Accounting #Finance #AccountingProfessionals #FinancialLiteracy Read the full article here: https://lnkd.in/eFJPaAEv Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

We are pleased to share our new Amazon Web Services (AWS) Machine Learning Blog: “Secure AccountantAI Chatbot: Lili’s Journey with Amazon Bedrock.’’ Lili has developed AccountantAI, a secure chatbot designed to revolutionize the way small business owners manage their finances. In collaboration with AWS, we have harnessed the power of machine learning to create a tool that not only simplifies accounting but also enhances financial literacy. This is a significant step towards our mission of empowering entrepreneurs with accessible and robust financial management solutions. Read more about our journey and the innovative technology behind AccountantAI here: https://lnkd.in/dU5wdDGC #AI #MachineLearning #FinTech #SmallBusiness #Innovation #AmazonBedrock #Lili Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

We are pleased to share our new AWS Machine Learning Blog: “Secure AccountantAI Chatbot: Lili’s Journey with Amazon Bedrock.’’ Lili has developed AccountantAI, a secure chatbot designed to revolutionize the way small business owners manage their finances. In collaboration with AWS, we have harnessed the power of machine learning to create a tool that not only simplifies accounting but also enhances financial literacy. This is a significant step towards our mission of empowering entrepreneurs with accessible and robust financial management solutions. Read more about our journey and the innovative technology behind AccountantAI here: https://ow.ly/jx5Y50SH9px #AI #MachineLearning #FinTech #SmallBusiness #Innovation #AmazonBedrock #Lili Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

This week at Lili, we hosted an insightful meetup: "Go Beyond the Dashboards: Strengthen Growth and Data Teams’ Synergy through Smarter Collaboration." Our marketing team showcased how collaboration between marketing and data teams can effectively address customer challenges. We explored when and why to build machine learning models, providing attendees with valuable insights into the strategic implementation of machine learning in their workflows. The team shared real-life examples of obstacles faced and how they were collectively overcome. Listening to our customers' feedback and understanding their pain points is crucial in our approach, allowing us to continually refine our products and services to better solve their problems. A big thank you to everyone who attended and a special shoutout to monday.com, Moovit and Loops for their valuable insights and participation! #meetup #fintech #LiliMeetup #marketingInsights #datacollaboration Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

Last week, our CEO, Lilac Bar David, participated in the 2024 Bank of America Fintech Trailblazers Private Company Conference. She joined a panel discussion with Steve Robert, CEO of Autobooks, and Michael Cuneo, Director of Fintech Investment Banking at BofA Securities, who moderated the session. Lilac shared insights on SMB tech innovation and highlighted how Lili is leveraging emerging technologies to support the needs of small businesses. Managing finances can be a daunting task for many small business owners, often leaving them unsure where to begin. Lili aims to simplify this by integrating banking, bookkeeping, invoicing, payments, and taxes into a single platform. The conference brought together over 60 fintech companies, 150 investing institutions, and 400 attendees. We engaged in productive conversations on various topics within the fintech industry. Thank you, BofA, for hosting such an engaging and insightful event. #FintechConference #SmallBusinessInnovation #FintechIndustry #SMBTech Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

Last month, we had the privilege of participating in Mixpanel's annual customer event in London. Our product team shared valuable insights and presented a case study on how we’ve optimized our processes and enhanced security using Mixpanel. It was a great opportunity to engage with 200 fellow product managers and data analysts, exchanging knowledge and ideas. It was a fantastic day of learning and networking. Thank you to Mixpanel for hosting us. #ProductManagement #DataAnalytics #Innovation #BusinessGrowth #Mixpanel

✨ Wishing you a wonderful Fourth of July from all of us at Lili!✨

Today marks National Financial Freedom Day, a day dedicated to raising awareness about achieving financial freedom and the need for better support for small businesses from both the private and public sectors. Small business owners often feel underserved by financial institutions, needing fast, flexible, and digital-first solutions. Our CEO, Lilac Bar David, addresses these issues in an op-ed titled, “New York small businesses are being left behind. Let’s help them unlock financial freedom” highlighting the importance of financial freedom for driving growth and innovation in New York. “With the right education and resources, small businesses can achieve financial independence and continue to contribute to New York’s robust economy. All they need is the right tools and education to do so,” said Bar David. Read the full article here: https://ow.ly/5tJS50St9Bz #FinancialFreedomDay #SupportSmallBusiness #EconomicGrowth #Innovation #Leadership #SmallBusinessSupport

Last week at Lili, we hosted our second meetup focused on AI: “Unlocking Potential: Building Real-World Solutions with GenAI.” Our data team delved into how embracing emerging technologies, such as generative AI, is rapidly advancing the fintech sector. They shared insights on one of Lili’s recent launches of an AI technology, Accountant AI. This AI-powered business advisor delivers instant, personalized, and impactful answers to business owners’ accounting questions. The team walked us through the development process, explaining how they built this revolutionary tool designed to streamline core bookkeeping tasks, predict transaction categorization, and generate financial reports automatically. The turnout was fantastic, and we are grateful to everyone who attended! A special thank you to LSports and Qwak for their participation and valuable contributions and congratulations to Quak on your recent acquisition! Thank you for making this event a success. 🙌 #GenerativeAI #Fintech #Innovation #SmallBusiness #LiliAI #AIAccounting #TechMeetup #BusinessGrowth #FinancialTechnology

Congratulations to Group 11 for winning the prestigious Preqin 2024 awards! 🏆 They have been recognized as America’s Top Performing VC Fund Manager and America’s Top Performing Venture (General) Fund Manager.🏆 Group 11 has been a steadfast supporter of Lili’s mission from the beginning, to help small businesses simplify their financial management. Your dedication and commitment to innovation are truly inspiring. We wish the team continued success! Read more about their award here: https://ow.ly/MAbg50So9tn Dovi Frances #VentureCapital #FinancialInnovation #BusinessSuccess