Lili is a technology company.
Lili has raised $80.0M across 3 funding rounds.
Key people at Lili.
Lili has raised $80.0M in total across 3 funding rounds.
Lili has raised $80.0M in total across 3 funding rounds.
Lili's investors include AngelList Syndicator, Exponent Founders Capital, Foundation Capital, Pareto Holdings, Saga, Vouch Insurance, Jeff Seibert, Karim Atiyeh, Pedro Franceschi, Philippe Teixeira da Mota, Wayne Chang, Primary Venture Partners.
Key people at Lili.
Lili is a New York-based financial technology (fintech) company that provides an all-in-one online banking platform tailored for small businesses (SMBs), including tools for checking accounts, payments, expense tracking, invoicing, tax management, and credit building.[1][2][3][4][5] Originally focused on freelancers, it shifted in 2025 to emphasize SMBs, serving U.S.-based businesses and non-U.S. residents in select countries like Canada, the UK, Germany, and Spain through remote account opening via Lili Connect.[1][2] The platform solves key pain points for SMB owners—such as fragmented financial management, tax surprises, and limited access to U.S. banking—by integrating banking (partnered with FDIC-insured Sunrise Banks), AI-driven accounting, multi-currency payments, and Dun & Bradstreet credit tools into a single app, with up to $3 million in FDIC coverage on paid plans.[1][2][5] Lili has shown strong growth, raising $80 million total (including a $55 million Series B in 2021), surpassing 200,000 users by then, earning accolades like *Fast Company*'s "World's 50 Most Innovative Companies" in 2022 and Tearsheet's best bank for SMBs in 2024.[1]
Founded in 2018, Lili emerged to empower independent workers and small business owners overwhelmed by financial tools, starting as an all-in-one banking app for freelancers with real-time expense tracking, tax tools, and insights.[1][3] Co-founder and CTO Liran Zelkha has been instrumental, highlighting the need to prevent scenarios like underestimating tax obligations (e.g., thinking $100,000 revenue means $50,000 owed to the IRS).[2] Early traction built quickly: by 2021, Lili hit 200,000 users post-Series B funding and launched paid plans with advanced features.[1] Pivotal moments include 2022's innovation recognition, 2024's Dun & Bradstreet partnership for credit building, and 2025's strategic pivot from freelancers to SMBs—adding multi-currency payments, e-commerce solutions, the BusinessBuild program, and Lili Connect expansion for non-U.S. entrepreneurs to form and bank U.S. businesses remotely.[1][2]
Lili rides the fintech wave transforming banking for SMBs, where outdated legacy systems leave 75% of traditional banks struggling with digital infrastructure, allowing fintechs to capture 47% of new account openings.[6] Its timing aligns with booming SMB digital adoption post-pandemic, a 14.92% CAGR in Americas fintech from 2018-2024, and global demand for U.S. market access amid remote work and e-commerce surges—projected to grow fintech revenues from $320B (3% of financial services) to $1.5T by 2030.[1][6] By democratizing tools like embedded finance and credit building, Lili influences the ecosystem, streamlining operations for underserved freelancers-turned-SMBs and non-residents, fostering innovation over competition with banks.[2][6]
Lili's 2025 pivots position it for accelerated growth in global SMB banking, leveraging Lili Connect and international expansions to tap untapped markets while deepening U.S. e-commerce and credit tools.[1][2] Trends like AI-driven finance, embedded banking, and fintech's 97% untapped potential will shape its path, potentially boosting user base beyond 200,000 amid rising non-U.S. demand.[1][6] Its influence may evolve into a dominant embedded finance player, redefining accessible U.S. banking for SMBs worldwide—solidifying its role as a fintech innovator born from freelancer needs now scaling to business builders.[1][2][6]
Lili has raised $80.0M across 3 funding rounds. Most recently, it raised $55.0M Series B in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $55.0M Series B | AngelList Syndicator, Exponent Founders Capital, Foundation Capital, Pareto Holdings, Saga, Vouch Insurance, Jeff Seibert, Karim Atiyeh, Pedro Franceschi, Philippe Teixeira da Mota, Wayne Chang | |
| Oct 1, 2020 | $15.0M Series A | AngelList Syndicator, Exponent Founders Capital, Foundation Capital, Pareto Holdings, Primary Venture Partners, Saga, Vouch Insurance, Jeff Seibert, Karim Atiyeh, Pedro Franceschi, Philippe Teixeira da Mota, Wayne Chang | |
| Jun 1, 2020 | $10.0M Seed | AngelList Syndicator, Exponent Founders Capital, Foundation Capital, Pareto Holdings, Saga, Vouch Insurance, Jeff Seibert, Karim Atiyeh, Pedro Franceschi, Philippe Teixeira da Mota, Wayne Chang |
