"Lili Announces Platform Redesign to Expand Business Banking and Deposit Protections for US Small Businesses"

New York, USA, July 7th, 2026, FinanceWire

Lili provides no-monthly-fee business banking, up to $3M in FDIC insurance coverage, and integrated financial management tools designed for US small businesses.

Lili, the financial platform serving more than 200,000 U.S. businesses, today announced its continued expansion in the modern business banking market following a comprehensive 2026 platform redesign. Built to meet the needs of growing, multi-employee small businesses, the enhanced platform combines low-cost banking, high-yield savings, and integrated financial management tools to help entrepreneurs manage their businesses more efficiently.

As small businesses increasingly seek digital-first financial solutions, expectations for business banking continue to evolve beyond traditional branch-based models. Today's business owners expect banking platforms that streamline financial operations through automation, real-time insights, and integrated tools. Lili's platform reflects this shift by bringing banking, accounting, tax preparation, and expense management together in a single experience designed to simplify business finances and support long-term growth.

Lili's place in that tier rests on a different combination. Its Core plan offers full-featured business banking with a $0 monthly fee, eligible deposits insured up to $3 million through Sunrise Banks, N.A., Member FDIC, and savings that can earn up to 4.00% APY. Beyond banking, Lili layers in integrated tools that many businesses otherwise buy separately, including expense management, tax savings, invoicing, and reporting on its paid plans, plus access to a business line of credit and credit-building features.

“Business owners should not have to choose between a modern banking experience and the tools they need to actually run the company. We built Lili to bring advanced banking, deposit protection, and financial tools together in one place, without putting the essentials behind a monthly fee.”

- Lilac Bar David, Co-Founder and CEO of Lili

Highlights:

• $0 monthly fee Core plan with no hidden charges
• Up to $3 million in FDIC insurance through Sunrise Banks and Lili's sweep network
• Up to 4.00% APY on business savings
• Integrated accounting, tax, and invoicing tools on paid plans
• Access to a business line of credit up to $250,000 through Lili's partners, subject to approval

Businesses comparing modern banking platforms can review Lili's features and open an account at lili.co.

About Lili

Lili is an online business banking platform built for small business owners, offering advanced business banking with no monthly fee, high-yield savings, access to capital, and integrated financial tools that help businesses stay organized as they grow. Founded in 2019 by Lilac Bar David and Liran Zelkha, and backed by Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, Target Global, and Zeev Ventures, Lili is headquartered in New York and served more than 200,000 businesses across all 50 states. Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. To learn more, visit Lili

Disclosures

The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of January 13, 2026. Must have at least $0.01 in savings to earn interest. 2.25% APY applies to balances of up to and including $500,000. 4.00% APY applies to balances over $500,000 and up to and including $1,000,000. Any portions of a balance over $1,000,000 will not earn interest or have a yield. Available to all Lili plans.

Access to capital is provided by our partners that offer business loans or lines of credit. Lili is a financial technology company, not a bank or lender. Underwriting required.

FDIC insurance only covers the failure of an FDIC insured bank. The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC insured bank, per ownership category through Sunrise Banks, N.A and the sweep program banks. See Sunrise Banks Account Agreement and Addendum to Sunrise Banks Account Agreement.

Contact