Lili is a banking and financial management platform built for freelancers and small businesses. Lili is a financial technology company, not a bank: banking services are provided by Sunrise Banks, N.A., Member FDIC, and its sweep network extends FDIC coverage across partner banks.
On Lili’s Smart and Premium plans, the accounting tools categorize your transactions automatically, with AI assigning the most relevant tax category to each one. Smart and Premium account holders can run expense summaries and Profit & Loss statements anytime, and the Tax Bucket puts money aside on its own. With Bill Pay, you upload a bill as a file or photo and Lili captures the details. You can also set up recurring bills and get reminders before they’re due. The mobile app sends real-time alerts and lets you freeze your card instantly.
Lili describes its online banking as built for small business owners working alone or growing a company. You can invite other people into your account, with access matched to what each person needs to do. Lili also offers a US business account for non-US citizens living abroad and non-resident aliens in the US who hold citizenship from a supported country, as long as they have a registered US business. That account needs no SSN and checks identity with a foreign passport and EIN, and customers set up as LLCs, corporations or partnerships can send and receive international wires.
Lili says it integrates with accounting and ecommerce platforms such as QuickBooks, Xero, Stripe, Shopify and Gusto. Lili’s accounting tools also let you link outside business accounts and credit cards for a single view of your finances. With Xero, Lili’s push integration sends settled transactions, including the date, description and amount, to the Xero account you choose. Support is available by phone, email, an AI assistant and a Help Center, with live support every day of the week.
Lili Core is free and includes business checking with a Visa debit card, a savings account, fee-free in-network ATMs, ACH, check and wire payments, and integrations. Pro adds card cash back, expense categorization, receipt attachments, expense reports and automatic tax savings. Smart adds accounting software, invoicing, bill pay, financial reports and pre-filled business tax forms, and Premium adds priority support and a metal card. Current prices and savings rates are in the pricing box above.