Summary:
Lili launches BusinessBuild credit program
Why It Matters:
The platform is moving beyond basic banking into credit building and financial management tools. This helps them attract businesses that need to establish credit history to grow.
What Changed:
- Added a new "BusinessBuild" credit-building program in partnership with Dun & Bradstreet.
- Introduced a secured BusinessBuild Credit Card designed to help users grow their credit profiles.
- Added a real-time credit monitoring dashboard and credit alerts.
- Launched a "Request Demo" option and a guided platform tour for prospective customers.
- Expanded the "Financial Tools" section to include invoicing, bill pay, and smart bookkeeping.
- Updated the high-yield savings terms to offer up to 4.00% APY on balances up to $1M.