We’re proud to announce that Lili is ranked in the top 500 on the Inc. 5000 list of the fastest-growing companies! We are also ranked in the top 50 for the New York and Financial Services categories. This recognition highlights our rapid growth and unwavering commitment to simplifying financial management for small business owners. Thank you to our incredible team and valued customers for making this journey possible. Stay tuned for more exciting updates! Read more: https://lnkd.in/ggUGydu #inc5000 #award #smallbusinesses #fintech #innovation 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.
Lili
Financial Services
New York, NY 13,999 followers
Powering your business growth. Named "Best App for SMBs" in 2023 by Tearsheet.
About us
Lili is a business finance platform designed to make the financial aspects of running a business easier to manage and understand. Lili combines business banking, accounting, invoicing, bill pay and tax preparation software in one platform–empowering business owners to focus on growing their business. Recognized as the Best App for SMBs in Tearsheet's 2023 Small Business Finance Awards, Lili continues to strive to help business owners achieve their goals. *Lili is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC.
- Website
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https://lili.co
External link for Lili
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2018
Locations
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Primary
New York, NY 10012, US
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Tel Aviv, Tel Aviv, IL
Employees at Lili
Updates
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Lili is thrilled to announce a strategic collaboration with Dun & Bradstreet, a global leader in business decisioning data, analytics, and business credit reporting solutions, to empower small businesses to take steps to establish business credit. Dun & Bradstreet’s small business customers can now apply to open a Lili business checking account directly from the Dun & Bradstreet myD&B platform, which provides access to D&B products and solutions for small businesses together in one centralized portal. More than three quarters of small business owners are concerned about their ability to access capital, and hurdles in accessing credit can significantly curtail business growth. “With a majority of small businesses relying on their personal savings to fund their business due to lack of access to credit and capital, there is a pressing need for more tools to help small businesses succeed,” said Lilac Bar David, co-founder and Chief Executive Officer of Lili. “We are delighted that Dun & Bradstreet has chosen Lili to help its customers access innovative financial solutions, providing them with better resources to set them up for success.” #SmallBusiness #BusinessCredit #DunAndBradstreet #CreditInsights #FinancialSolutions *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. By integrating your Lili Business Bank Account through the D&B Credit Insights banking integration feature, there may be potential for you to positively impact your Delinquency and Failure Scores. Dun & Bradstreet requires a minimum of six months of business banking transaction history to be able to potentially impact these scores.
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📣 We are pleased to announce improvements to your financial transaction capabilities. Benefit from increased limits, outgoing domestic wire transfers, and the ability to mail checks. 📣 Pay the way you want with higher limits and enhanced payment options! #moneymovement #fintech #paymentoptions #supportsmallbusinesses 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. Wire Transfer service provided by Column Bank N.A., Member FDIC. Only available for Lili business deposit accounts opened through Sunrise Banks, N.A., Member FDIC.
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A recent Forbes article discusses the exciting future of Accounting AI in finance and accounting. It highlights Lili’s Accountant AI, an AI-powered business advisor that delivers instant, personalized, and impactful answers to business owners’ accounting questions. Accountant AI harnesses businesses’ financial data and the latest industry information to provide business owners with personalized, instant recommendations about their businesses’ finances. “For business owners who cannot afford an accountant or more expensive accounting tools, Accountant AI is a game changer," said Lilac Bar David, CEO of Lili. "Accountant AI will revolutionize the way business owners interact with their financial data by providing them with quick and more affordable answers to their accounting and financial questions." To read the full article click here: https://ow.ly/NiCx50SGHnI #SmallBusinessOwners #AccountingAI #BusinessFinances 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.
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“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.
How Generative AI Will Disrupt Accounting
cpapracticeadvisor.com
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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.
Secure AccountantAI Chatbot: Lili’s journey with Amazon Bedrock | Amazon Web Services
aws.amazon.com
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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.
Secure AccountantAI Chatbot: Lili’s journey with Amazon Bedrock | Amazon Web Services
aws.amazon.com
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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.
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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.
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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
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