Lili is an all-in-one business banking app for freelancers and small businesses. Compare its free and paid plans, features, and top fintech alternatives.
Category
Payments
Pricing
Freemium / Subscription, from Free (Lili Basic); paid plans from $15/month
Verified
Not yet
Last updated
July 18, 2026
Founded
2018
Headquarters
New York, New York, USA
Free PlanWeb AppFreemium
Overview
Lili is a fintech company founded in 2018 and launched in late 2019 by CEO Lilac Bar David and CTO Liran Zelkha, offering an all-in-one banking app for freelancers, sole proprietors, and small businesses out of its New York headquarters.
The company raised roughly 80 million dollars across seed, Series A, and Series B rounds between 2020 and 2021 from investors including Group 11, Foundation Capital, and Torch Capital, and now serves more than 200,000 customers.
Key Features
Lili combines a no-fee business checking account and Visa debit card with a savings account offering up to 4.00 percent APY, plus automatic expense categorization and tax-savings tools for freelancers.
Paid tiers add invoicing, bill pay, team collaboration with role-based access, a Dun and Bradstreet credit-building program, and lines of credit up to 250,000 dollars, alongside integrations with QuickBooks, Xero, Stripe, Shopify, and Gusto.
Pricing
Lili's base account carries no monthly fee and includes checking, a debit card, and savings APY, making it usable at no cost for freelancers who need only basic banking.
Paid tiers scale up from roughly 15 dollars a month for Lili Pro to 35 dollars for Lili Smart and 55 dollars for Lili Premium, each layering in more bookkeeping, invoicing, and financing features.
Key Features
No-Fee Business Checking — Business checking account with a Visa debit card and no monthly fee on the base tier.
High-Yield Business Savings — Savings account advertising up to 4.00 percent APY with no minimum balance.
Automatic Expense and Tax Categorization — Transactions are automatically categorized to simplify bookkeeping and tax prep.
Built-In Invoicing and Bill Pay — Send invoices and pay bills directly from the banking app.
Business Credit Building — Reports payment history to Dun and Bradstreet to help build business credit.
Lines of Credit — Eligible customers can access business lines of credit up to 250,000 dollars.
Team Collaboration — Role-based access lets teams share account access securely.
Software Integrations — Connects with QuickBooks, Xero, Stripe, Shopify, and Gusto.
Pros & Cons
Pros
Free base tier with no monthly fees or minimum balance requirements
Combines banking, bookkeeping and tax-savings tools in a single app
Competitive savings APY compared to many traditional small-business banks
Purpose-built for freelancers and 1099 contractors, including tax-specific features
Backed by well-known venture investors with roughly 80 million dollars in funding raised
Cons
Not a chartered bank itself, so account holders rely on a partner-bank structure for FDIC coverage
Advanced bookkeeping, invoicing and credit tools require paid tiers up to 55 dollars a month
No physical branches, which may not suit business owners who prefer in-person banking
Lines of credit and financing require qualification and are not guaranteed to all users
Smaller product ecosystem than larger business banking platforms like Mercury or Bluevine for scaling companies
Pricing
Lili Basic (Core) Free Monthly
Lili Pro $15/month Monthly
Lili Smart $35/month Monthly
Lili Premium $55/month Monthly
Frequently Asked Questions
Is Lili a bank?
No, Lili is a fintech company; banking services and FDIC insurance are provided through partner banks in its network.
How much does Lili cost?
Lili's base account has no monthly fee, with paid tiers Lili Pro, Smart and Premium priced at roughly 15, 35 and 55 dollars a month respectively.
Who founded Lili?
Lili was founded in 2018 by CEO Lilac Bar David and CTO Liran Zelkha, and launched publicly in late 2019.
What savings interest rate does Lili offer?
Lili has advertised savings yields up to 4.00 percent APY with no minimum balance requirement.
Does Lili offer business credit or loans?
Yes, higher tiers offer access to business lines of credit up to 250,000 dollars along with a credit-building program that reports to Dun and Bradstreet.
Who is Lili designed for?
Lili is designed primarily for freelancers, gig workers, sole proprietors and small business owners.