The fintech is going small-business-banking-first, pairing fee-free checking with high payment limits, team access, and up to 4.00% APY on savings for companies outgrowing legacy accounts.
New York, New York, August 28, 2026, Finbold – Lili, the online business banking platform used by more than 200,000 businesses across the United States, has launched its 2026 business banking platform aimed squarely at growing, multi-employee small businesses. The move formalizes the company’s shift to a small-business-banking-first approach, expanding beyond the freelancers and solopreneurs it first built its name serving, and toward higher-revenue companies with more complex financial operations.
The update is a product overhaul rather than a rebrand. Lili has rebuilt its platform around the operational realities of businesses that are scaling: higher transaction volumes, larger operating balances, multiple people needing account access, and more advanced banking capabilities, all without the overhead or cost of enterprise banking. At the center is a Core plan with a $0 monthly fee that provides full-featured business banking, high payment limits, and up to $3 million in FDIC insurance through Sunrise Banks, N.A., Member FDIC, and Lili’s sweep network.
Built for speed and volume, the Core plan supports domestic and international wire transfers, Express ACH, and expedited check deposits, and lets owners securely grant access to accountants and team members. Business savings can earn up to 4.00% APY, and customers get live support seven days a week. Businesses that need more can move to paid plans that add expense management, automated tax savings, invoicing, and advanced reporting.
The positioning places Lili more directly against both digital-first competitors and traditional banks in the crowded small-business banking market, where fee structures, deposit insurance limits, and yield on idle cash have become key points of differentiation for owners deciding where to keep their operating funds.
“We built Lili to support businesses as they scale, and going small-business-banking-first is how we make that commitment concrete. Growing companies need the infrastructure of a serious banking platform without the friction, the fees, or the limitations of legacy options.”
– Lilac Bar David, Co-Founder and CEO of Lili
Highlights
- Product redesigned for growing, multi-employee small businesses
- $0 monthly fee Core plan with high payment limits
- Up to $3 million in FDIC insurance through Sunrise Banks and Lili’s sweep network
- Up to 4.00% APY on business savings, available in all plans
- Team and accountant access, plus 50+ integrations across accounting, payroll, and payments
Growing businesses can learn more about Lili’s 2026 offering and open an account at lili.co.
About Lili
Lili is an online business banking platform built for small businesses, 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 has 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.co.
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
Marisa Fine, Senior Communications Manager
Lili
