Articles from Lili

Lili, the leading financial platform that offers business banking, credit building, and accounting solutions for small and mid-sized businesses, today announced new data from Lili’s Accountant AI that reveals that small business owners are most concerned about implementing the right tax structure and how they can save money on taxes. The data was pulled from over 1200 Lili customers.

Lili, the leading financial platform that offers business banking, credit building, and accounting solutions for small and mid-sized businesses, today announced a new feature that empowers small and mid-sized businesses (SMBs) to pay international vendors and receive payments in various currencies. This new capability further supports international business growth, enabling businesses to make international payments in 130 currencies so they can expand their businesses beyond U.S. borders.

Lili, the all-in-one financial platform that integrates business banking, business credit, and accounting for small and mid-sized businesses, today announced the launch of the Lili BusinessBuild Program, a credit-building solution that helps entrepreneurs build and monitor their business credit profile directly from their Lili account.

Lili, the all-in-one banking platform for small business owners to manage their finances, today announced the addition of accounting software on the platform. The new product offering marks Lili as the first platform to offer both banking and accounting solutions on one platform, solidifying the company as the nation’s first super-app for banking.

Lili, the all-in-one banking platform designed to save small business owners time and money, today released its 2023 “Tax Readiness” Report. The report compiles data from over 300 small business owners on topics ranging from how they file their taxes to how today’s market is affecting their businesses. Furthering the brand’s mission to support small business owners by saving them time and money, Lili has compiled this report to ensure millions of small business owners have access to the resources they need to scale their business.

Lili, the leading financial one-stop-shop for small business owners, combining banking, tax management and accounting software into one, easy-to-use platform, today announced the launch of “Lili Academy,” the first and only comprehensive guide to running a small business. Research shows that while the majority of recent college grads plan to pursue entrepreneurship, the majority of graduate programs don’t provide a guide to lifestyle obstacles: things like navigating paternity leave, maintaining positive mental health, taking vacations, and more. In tandem with The Academy, Lili has revamped its banking, tax, money transfer, invoicing, and expense report features within the app.

Lili, the leading financial one-stop-shop for small business owners, combining banking, tax management and accounting software announced today an extension of its offering, by adding payment solutions and third party integrations. These new integrations come at a time when more new business applications are being filed than ever before in the history of the US economy, as an increasing number of individuals take control of their professional lives.

Lili, the all-in-one banking app designed for freelance workers and small business owners, announced today the hiring of Deepesh Jain, the company’s CFO and COO. Deepesh joins with over 20 years of experience in banking and fintech, most recently as the Head of Capital Markets for Sunlight Financial. Prior to Sunlight, he was the Head of Treasury and Funding for Kabbage, where he was responsible for all funding, liquidity, balance sheet management, bank relationships, cash management and tax along with overseeing the securitization program, corporate credit, private credit facilities and asset sales.

Lili, the all in one banking app built for freelancers and small business owners with over 500,000 users, has released its Future of Work Report. The report compiles data from over 1,000 Gen Z Americans, ages 18-24, on a range of topics including financial literacy, taxes, savings habits, business expenses, and more. To best serve the business community, Lili wants to best understand how young entrepreneurs feel about the most complex and frustrating financial responsibilities. Younger generations are more eager to run their own business than ever before – indicative of the new era of the future of work and calling for financial technology that will address their needs in a format that speaks to this generation. While 50% of Gen Z worked as freelancers in 2021, Lili’s report found that nearly 1 in 3 of the young Gen Z freelancers surveyed kept track of their expenses and receipts using their smartphone notes app.

Lili, the banking app built for freelance workers with over 500,000 users, announced the first-ever ‘Tax Optimizer’ toolkit allowing independent workers to be organized and prepared come tax season in 2022 and beyond. This year, millions of first time freelancers will realize the difficulties they must navigate as single business owners, risking overpayments and losing money they could have kept, or accruing fines by underpaying.

CB Insights today named Lili to the fourth annual Fintech 250, a prestigious list highlighting emerging private companies that create groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

Lili, the all-in-one banking app designed for freelance workers, announced today the release of Lili Pro, a premium service and the first product expansion since launching in January 2020. Lili Pro was developed as a direct response to COVID’s acceleration of the gig economy in partnership with an advisory of freelancers to give every independent worker access to the tools they need to build financial security.

Lili, the fastest growing mobile banking service for freelancers in the U.S., today announced a $55M Series B investment led by Group 11, bringing total funding to $80M following a record year of growth and revenue for Lili. Other notable investors included Target Global and AltaIR with previous investors re-upping. The New York-based banking app is spearheaded by finance serial entrepreneur Lilac Bar David and is strengthening its claim as the leading banking app and finance tool for freelancers and gig-economy workers. Offering relevant and timely features such as expense management, effortless tax preparation, and no-fee accounts, Lili has doubled its account base in the past 6 months as more users pursue new, entrepreneurial endeavors and turn to Lili as a reliable resource for their growing businesses.