#United States #New York #Lili #SMB Finance #Tearsheet

Lili: A Game Changer for Small Businesses

In a remarkable achievement for the financial technology landscape, Lili has been recognized at the Tearsheet's SMB Finance Awards as both the "Best Bank for SMBs" and "Best App for SMBs". This recognition is a testament to Lili's commitment to empowering small business owners with tailored financial solutions that streamline their operations.

Founded in 2019 by industry veterans Lilac Bar David and Liran Zelkha, Lili is more than just a financial platform. It was specifically designed with small businesses in mind, offering an integrated suite of tools that includes banking, accounting, invoicing, and tax preparation. This approach not only simplifies financial management but also allows entrepreneurs to focus more on growing their businesses rather than being bogged down by complex financial processes.

The Evolution of Lili

The past few years have seen tremendous growth for Lili, which has quickly scaled its operations to serve over 200,000 small business owners across all 50 states. Central to this growth is the recent introduction of Lili Connect, an embedded finance integration that allows partners to offer Lili's comprehensive financial management tools directly within their own platforms. This strategic effort highlights Lili's vision of making financial resources more accessible to small businesses.

Lilac Bar David, the co-founder and CEO of Lili, expressed profound gratitude for the recognition, stating, "This award reflects our unwavering commitment to making financial management accessible for all small business owners. Our continuous innovation aims to support and grow small businesses in ways they have never experienced before."

Impact and Future Collaborations

Lili's impact reaches beyond its user base, as it has established collaborations with key industry players such as Dun & Bradstreet. These partnerships are crucial in helping small business owners build and manage their business credit, an essential aspect of long-term growth.

Further cementing its position within the industry, Lili was featured in Inc. 5000’s top 500 list of fastest-growing companies in America as well as on Deloitte’s Technology Fast 500 list. Additionally, Lilac Bar David’s recognition by Goldman Sachs as one of the Most Exceptional Entrepreneurs of 2024 underscores the innovative spirit and leadership driving Lili's success.

The Future of Financial Services for SMBs

Lili’s platform is designed to revolutionize the traditional banking experience for small business owners, catering specifically to their unique needs. As the landscape continues to evolve, Lili remains focused on expanding its services, enhancing user experience, and maintaining its leadership role in financial technology for small businesses.

In conclusion, Lili's recent recognition by Tearsheet underlines the pivotal role it plays in the financial services sector for small and medium-sized enterprises. With a focus on innovation, accessibility, and user empowerment, Lili is set to redefine the banking experience for small business owners in the years to come. Whether it's through partnerships, technological advancements, or community support, Lili is dedicated to fostering growth and success for small businesses everywhere.

For more information about Lili and its offerings, visit lili.co.