Lili, a financial platform focused on small businesses, has announced a strategic partnership with Dun & Bradstreet, a global leader in business decisioning data and analytics. This collaboration addresses the challenges small business owners face in accessing capital and credit, which are critical for growth.
Dun & Bradstreet’s small business customers can now open a Lili business checking account directly from the myD&B platform through this partnership. This integration allows businesses to sync their financial data with D&B Credit Insights, potentially improving their business credit scores. This move empowers hundreds of thousands of small businesses to build their credit history and financial foundation.
Lilac Bar David, Lili’s co-founder and CEO, highlighted the need for tools that support small businesses, primarily as many rely on personal savings due to limited access to credit. She expressed her excitement about the collaboration, noting that it would provide Dun & Bradstreet customers with innovative financial solutions to enhance their success.
Chris Moss, General Manager of Small Business at Dun & Bradstreet, emphasized the importance of separating business and personal finances. He noted that this partnership with Lili would help protect personal assets, streamline accounting, and improve business credibility, laying the groundwork for long-term success.
This partnership follows Lili’s launch of Accountant AI, a generative AI chatbot designed to offer personalized financial recommendations to business owners. Accountant AI will be available to Dun & Bradstreet customers who sign up for Lili’s Smart or Premium services.
Nevertheless, Lili operates as a financial technology company, and its banking services are provided by Choice Financial Group and Sunrise Banks, N.A., both members of the FDIC.
