Lili

✨ Wishing you a wonderful Fourth of July from all of us at Lili!✨

Today marks National Financial Freedom Day, a day dedicated to raising awareness about achieving financial freedom and the need for better support for small businesses from both the private and public sectors. Small business owners often feel underserved by financial institutions, needing fast, flexible, and digital-first solutions. Our CEO, Lilac Bar David, addresses these issues in an op-ed titled, “New York small businesses are being left behind. Let’s help them unlock financial freedom” highlighting the importance of financial freedom for driving growth and innovation in New York. “With the right education and resources, small businesses can achieve financial independence and continue to contribute to New York’s robust economy. All they need is the right tools and education to do so,” said Bar David. Read the full article here: https://ow.ly/5tJS50St9Bz #FinancialFreedomDay #SupportSmallBusiness #EconomicGrowth #Innovation #Leadership #SmallBusinessSupport

Last week at Lili, we hosted our second meetup focused on AI: “Unlocking Potential: Building Real-World Solutions with GenAI.” Our data team delved into how embracing emerging technologies, such as generative AI, is rapidly advancing the fintech sector. They shared insights on one of Lili’s recent launches of an AI technology, Accountant AI. This AI-powered business advisor delivers instant, personalized, and impactful answers to business owners’ accounting questions. The team walked us through the development process, explaining how they built this revolutionary tool designed to streamline core bookkeeping tasks, predict transaction categorization, and generate financial reports automatically. The turnout was fantastic, and we are grateful to everyone who attended! A special thank you to LSports and Qwak for their participation and valuable contributions and congratulations to Quak on your recent acquisition! Thank you for making this event a success. 🙌 #GenerativeAI #Fintech #Innovation #SmallBusiness #LiliAI #AIAccounting #TechMeetup #BusinessGrowth #FinancialTechnology

Congratulations to Group 11 for winning the prestigious Preqin 2024 awards! 🏆 They have been recognized as America’s Top Performing VC Fund Manager and America’s Top Performing Venture (General) Fund Manager.🏆 Group 11 has been a steadfast supporter of Lili’s mission from the beginning, to help small businesses simplify their financial management. Your dedication and commitment to innovation are truly inspiring. We wish the team continued success! Read more about their award here: https://ow.ly/MAbg50So9tn Dovi Frances #VentureCapital #FinancialInnovation #BusinessSuccess

We are pleased to announce our new partnership with Sunrise Banks, an innovative bank dedicated to empowering financial wellness. As a socially responsible bank and certified B Corp, Sunrise Banks empowers communities and fuels financial wellness nationally through their fintech partnerships. This collaboration underscores our commitment to staying at the forefront of innovation as we expand our offerings to meet the evolving needs of our customers. "Our partnership with Sunrise Banks will provide unparalleled support and resources to our small business customers, fostering growth and strengthening our community," said Lilac Bar David, CEO and Co-Founder of Lili. "By combining our expertise and simplifying financial management tools and processes, we are positioned to create a more robust financial ecosystem for small businesses, enabling them to thrive and reach their full potential.” As we continue to scale and grow our product offering, stay tuned to hear about our exciting updates! Learn more about how Lili can help you streamline your business finances: https://lili.co/ Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC.

🚀 New Dashboard alert! Improve your workflow with a new and upgraded desktop dashboard. Unlock an improved decision-making process with enhanced financial clarity and business oversight. Power your financial management with Lili! #Innovation #Lili #GrowWithLili

📊 Small Business Banking Insights 📊 For many small and medium businesses (SMBs), managing finances is far too complicated – and many owners don’t even know where to begin. Banking instability is driving SMBs to diversify accounts and turn to fintech for reliable, innovative services. Digital banking solutions are key to providing SMBs with affordable and efficient financial services. SMBs are diversifying accounts, saving on fees, and enhancing their financial management through rapid digitization. Here are some interesting insights from Gusto about how fintech solutions are revolutionizing small business banking. Read the full article here: https://ow.ly/rHPU50SjBfi Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC. #SmallBusinessBanking #SMBFinance #DigitalBanking #FintechTrends

Ever wonder how to build an AI chatbot? In an interview with @Tearsheeet, our CEO and Co-Founder, Lilac Bar David shares essential tips and the advantages of using AI for small businesses. She discusses how leveraging chatbots can enhance financial management with personalized recommendations and streamlined customer service. Two key tips from Bar David for launching an AI chatbot are finding the right partner and clearly communicating to your customers what the chatbot can and cannot do. "We prioritize financial wellness, ensuring our customers have comprehensive insights into our products. Through our website and communication channels, we offer detailed explanations of our chatbot’s functionalities, serving as valuable resources to address any inquiries. It’s important for our customers to understand the financial advantages and business growth potential that come from democratizing access to professional accounting and advisory services,” said Bar David. Lili’s recent launch of Accountant AI, an AI chatbot, helps small business owners with questions around taxes, deductions, and strategies for profitability. Read more about Lili’s tips for launching an AI chatbot, including insights from Bank of America and Klarna: https://ow.ly/my2f50SaxFa #SmallBusiness #Accounting #FinTech #AI #Innovation #Chatbot

Our CEO and Co-Founder, Lilac Bar David, attended a panel at USB’s Fintech Conference alongside the CEOs of Novo and Varo Money. Lilac shared valuable insights on how fintechs are revolutionizing financial services for SMBs and highlighted how innovative solutions like AI can drive efficiency and growth for small business owners. “I enjoyed the opportunity to engage with industry leaders and share our vision on how fintech innovations can empower small businesses. The future of financial services is truly exciting, and I look forward to the advancements ahead.” #SMBs #Innovation #FinancialServices #Leadership #FutureOfBanking

Lilli is proud to support the Factor_Fellowship, a new nonprofit incubated by Primary Venture Partners and top startup leaders to connect diverse talent in NYC to startup careers. “It is so important to facilitate connections for diverse talent in the startup industry to ensure equal access to opportunities," said Lili’s CFO and COO, Efrat Yellin, who has joined the fellowship as a mentor. “With significant experience working in finance, I am eager to share my personal insights, provide guidance, and foster growth among aspiring professionals in order to help them jumpstart their careers.” Applications open TODAY - learn more and apply here: https://lnkd.in/g_bdbu7P #fellowship #dei #nyc #factorfellows #vc