Lili is a financial technology platform that integrates banking, accounting, and tax preparation into a single solution for small businesses, utilizing automated bookkeeping and real-time transaction categorization. This streamlined approach eliminates the complexity of managing multiple financial services, enabling business owners to maintain financial clarity and optimize cash flow efficiently.
Funding
$80M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Small businesses often struggle with managing their finances due to the complexity of using disparate banking, accounting, and tax preparation tools. This can lead to inefficiencies, errors, and a lack of clear financial insights.
Solution
Lili provides a financial technology platform that integrates business banking, accounting, and tax preparation into a unified solution. By automating bookkeeping and offering real-time transaction categorization, Lili simplifies financial management for small business owners. The platform offers features such as a business checking account, a Visa debit card, and tools for invoicing, bill payment, and tax savings. Lili's integrated approach aims to provide financial clarity and optimize cash flow, enabling businesses to scale with confidence.
Target Audience
Lili is designed for self-employed individuals, entrepreneurs, startups, and small businesses seeking to streamline their financial operations and gain better control over their finances.
Features
- Business checking account with no hidden fees or minimum balance requirements
- Lili Visa® Debit Card for business expenses
- Smart bookkeeping with instant transaction categorization
- Automated expense reports and income/expense insights
- Invoicing software to create and send customized invoices and accept various payment methods
- Bill pay solution for managing and paying bills
- Tax preparation tools, including automated tax savings and pre-filled tax forms (Forms 1065, 1120, and Schedule C)
- High-yield savings account with up to 3.00% Annual Percentage Yield (APY) on savings balances (certain plans apply)
- Mobile check deposit and cash deposit at participating retailers
- Fee-free ATM withdrawals at a wide network of locations
- Integration with QuickBooks and Xero accounting software