Lili, a financial platform for small business owners, has introduced its international wire payments in 27 countries.
The aim is to empower small businesses by facilitating their participation in global trade.
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This solution allows small business customers to conduct transactions across North America, Europe, and Asia.
With features like unlimited inbound transfers, high outbound transaction limits, enhanced security, and “competitive pricing”, the service is designed to help small businesses manage their finances and expand internationally.
Payments can be processed within 24 hours, the company said.
Lili’s integrated Bill Pay solution ensures that international payment details are automatically organised within the platform.
This feature enables business owners to have a overall view of their transactions.
Lili CEO Lilac Bar David said: “Through international payments, small business owners will have the flexibility to connect with more vendors and customers abroad, helping them both innovate their offerings and expand their base of clients. Lili’s customers now have a quick and cost effective way of streamlining payments to help them better compete in today’s global marketplace.”
In October 2024, the company launched Lili Connect, which offers embedded finance integration for partners.
Lili was established in 2019 by fintech industry veterans Lilac Bar David and Liran Zelkha.
It is based in New York and caters to customers across all 50 states.
The company is backed by various investors including Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, Target Global, and Zeev Ventures.
