Online business banking platforms have become increasingly popular over the past decade. Many business owners are discovering the value and convenience that comes with consolidating multiple financial operations in one place. However, that growing popularity has led to more platforms, making it harder for business owners to decide which is the best fit. Two popular options on the market right now are Lili and Found. Both offer affordable business checking accounts along with a lineup of accounting, invoicing, and tax tools. If you’re considering either Lili or Found for your business, read on for an in-depth look at how their offerings compare.
| Lili | Found | |
| Monthly fee | $0, $15, $35, $55 | $0, $35, $80 |
| Key features | Free plan with business banking, high FDIC insurance limit, savings account, tiered APY up to 4%, international wire transfers, lender network access, business credit building | Free plan with business banking and financial tools, APY up to 2.50%, up to 10 sub-accounts for envelope-method budgeting, up to 10 physical debit cards and 20 virtual cards |
| Trustpilot ratings (star rating out of 5) | 4.7 | 4.6 |
| Best for | New businesses and companies with teams of up to 10 employees | Freelancers, independent contractors, gig workers |
What Is Lili?
Founded in 2018, Lili is a New York-based fintech company that provides an online business banking and financial management platform for small business owners. Over 200,000 businesses have used the platform, which offers advanced business banking, credit-building tools, and business financing. As a non-bank, Lili provides banking services through a partnership with Sunrise Bank, N.A., Member FDIC.
What Is Found?
Founded in 2019, Found is a California-based fintech company that provides banking and financial management tools to business owners. The platform offers business checking accounts, along with accounting, tax, and invoicing tools. Another non-bank, Found provides banking services through a partnership with Lead Bank, Member FDIC.
Plan Options Compared
Lili and Found both offer various plan tiers. With Lili, you’ll find four plan options ranging from free to $55 per month. The free plan includes advanced business banking features. Meanwhile, the paid plans gradually grant you access to advanced financial tools, features, and support.
Found offers three plans ranging from free to $80 per month. The free plan includes business banking and access to most of the platform’s financial tools. Found’s paid plans then add perks, such as APYs up to 2.50%, 1% cash back on debit card purchases, and discounted wire transfers.
| Monthly fee | Business checking and savings | APY | Invoicing | AI transaction categorization and receipt attachment | Dedicated account specialist | |
| Lili Core | $0 | Yes | Yes | No | No | No |
| Lili Pro | $15 | Yes | Yes | No | Yes (expenses) | No |
| Lili Smart | $35 | Yes | Yes | Yes | Yes (expenses and income) | No |
| Lili Premium | $55 | Yes | Yes | Yes | Yes (expenses and income) | Yes |
| Found | $0 | Checking only | No | Yes | Yes | No |
| Found Plus | $35 | Checking only | Yes | Yes | Yes | No |
| Found Pro | $80 | Checking only | Yes | Yes | Yes | Yes |
Promotions: Lili offers a free 30-day trial on all its plans, plus 40% off the first three months.
Verdict: Found’s base plan includes more financial tools than Lili’s, but Lili’s banking offering is stronger. On the other end of the spectrum, Lili’s top-tier plan is more affordable than Found’s and offers more features.
Account Features and Banking Tools
Lili and Found both offer business checking accounts with no monthly service fees, no overdraft fees, and no minimum deposit requirements. However, their offerings begin to diverge from there.
Lili’s Banking Advantages
One of Lili’s biggest advantages is the strength of its banking infrastructure. Compared to Found, Lili is better for businesses managing larger balances, more complex cash flow needs, or a wider range of financial activities.
For example, Lili offers up to $3 million in FDIC insurance, while Found provides the standard $250,000 limit. Lili’s plans also include both business checking and savings accounts, support outgoing international wire transfers in over 130 currencies, and give users access to surcharge-free withdrawals at over 40,000 ATMs. Found, in comparison, only offers business checking accounts, doesn’t currently support international wires, and doesn’t have an ATM network.
Lili also provides stronger cash management features overall. All users can earn interest on savings balances—with APYs ranging from 2.25% to 4%, depending on your balance, while Found’s APY maxes out at 2.50%.
Found’s Banking Advantages
Found’s banking advantages are more centered around money organization and debit card flexibility. For example, users can create up to 10 subaccounts known as “Pockets” to organize funds for specific goals or expenses. In comparison, Lili offers a tax bucket subaccount and five accounts, which are primarily designed for users managing multiple businesses.
Found also supports more flexible card distribution. Users can issue up to 10 physical debit cards and 20 virtual cards per account, which may be useful for businesses with multiple team members. In comparison, Lili provides one physical debit card and one matching virtual card per account owner.
Verdict: Lili is better if you plan to maintain larger balances, build savings, use ATMs regularly, and send international wire transfers. Found may appeal more to business owners who prefer an envelope-style budgeting approach or want the ability to issue debit cards across their teams.
| Lili | Found | |
| Monthly fee for banking | $0 (Lili Core) | $0 (Found) |
| FDIC insurance maximum limit | $3 million | $250,000 |
| Debit card network | Visa | Mastercard |
| Express ACH fee | 1.5% ($0.50 – $20) | 1% ($0.50 – $25) |
| ATM network | MoneyPass | None |
| Outgoing domestic wire fee | $15 | $15, $10 for Pro users |
| Outgoing intl. wire fee | $25 | Not supported |
| APY | 2.25% (on up to $500K) 4.00% (on $500K to $1M) | 1.50% (Plus users), 2.50% (Pro users) |
| Cash deposit locations | 90,000+ Green Dot locations | 77,000+ VanillaDirect Pay retail locations |
Tax and Accounting Tools
Lili and Found both help business owners streamline accounting with features like automatic transaction categorization, subaccounts for tax savings, the ability to attach receipts, and financial reporting tools. However, they differ in how their accounting ecosystems are structured and delivered.
Lili’s Accounting Advantages
Lili takes a connected and management-focused approach. While many of its accounting and tax tools are reserved for paid plans, the platform offers stronger operational capabilities overall. For example, Lili includes formal bill management tools that help businesses schedule, pay, and track bills in one place, while Found supports payments without centralized bill management.
Lili also supports 50+ integrations with platforms including QuickBooks, Gusto, and Xero, making it easier to fit into an existing financial workflow. Found is designed more as a standalone system with fewer outside integrations.
Found’s Accounting Advantages
Found, on the other hand, focuses more heavily on accessibility at the free level. Most of its accounting and tax features are included in its base plan. A notable exception is the ability to import transactions from outside banks, cards, and apps, which is only available on the paid plans. Found also provides real-time tax estimates and allows users to pay quarterly federal taxes directly from the app—features Lili doesn’t currently offer.
Verdict: Lili is better for businesses that want deeper financial management capabilities, centralized bill management, and integrations. Found may be better for those who want accounting and tax tools included at the free level and are okay with a standalone solution.
| Lili | Found | |
| Auto-categorization of transactions | Yes | Yes |
| Auto-allocation of funds into separate accounts | Yes | Yes |
| Receipt attachment to transactions | Yes | Yes |
| On-demand financial reports | Yes | Yes |
| Connect external bank and credit card accounts | Yes (6 external accounts) | Yes (10 external accounts) |
| Integrations | 50+ | No |
| Bill management | Yes | No |
| Accountant invite allowed | Yes | Yes |
| Pay quarterly taxes to the IRS in-app | No | Yes |
Invoicing and Payment Processing
Both platforms offer very similar support for sending invoices and collecting payments. You can create branded invoice templates, send unlimited invoices, track the status of payments, and collect payments using a Stripe integration. While neither platform charges fees to receive payments, you will be subject to Stripe’s fees when using both. One key difference to note is that Found includes invoicing in all of its plans, including the base free plan. With Lili, you need the Smart or Premium paid plan for invoicing to be included.
Verdict: The invoicing features provided by Lili and Found are very similar, but Found pulls ahead by including them in its free base plan.
| Lili | Found | |
| Unlimited invoices | Yes | Yes |
| Brand customization | Yes | Yes |
| Automated payment reminders | Yes | Yes |
| Client auto-fill | Yes | Yes |
| Track payment status | Yes | Yes |
| Payment options | ACH, credit, debit, PayPal, Venmo, Cash App, checks | ACH, credit, debit, wire, Cash App |
| Payment integrations | Stripe | Stripe |
Customer Support
Found and Lili are also pretty even on the customer service front. Both offer support via email, phone, and live chat. When you opt for either’s top tier plan, you also get a dedicated specialist assigned to your account. However, Lili has far more reviews on Trustpilot and a higher average rating of 4.7, compared to Found’s 4.6. Lili also offers human support via email on weekends, and longer support hours by phone and email on weekdays.
Verdict: Both companies offer multiple support channels and have high customer satisfaction ratings, but Lili offers longer service hours and has a higher Trustpilot rating.
| Lili | Found | |
| Phone support line | Yes | Yes |
| Email support | Yes | Yes |
| Live chat | Yes (AI and human) | Yes (AI and human) |
| Dedicated account specialist | Yes (Premium plan) | Yes (Pro plan) |
| Trustpilot rating | 4.7 | 4.6 |
| Trustpilot review count | 4,169 | 1,350 |
Funding and Credit Building
If you’re looking for business financing, Lili can help in a few ways. First, it offers the BusinessBuild add-on to help business owners establish and build credit. The program includes a secured business credit card and a monthly subscription, both of which are reported to Dun & Bradstreet each month. You also gain access to your key Dun & Bradstreet credit scores in your Lili dashboard. Once you’ve built some credit and want financing for your business, Lili can connect you with a network of reputable lenders that provide business loans and lines of credit. Found, in comparison, doesn’t offer any products that help with accessing financing or building business credit.
Verdict: Lili is the better solution if you’re looking to build credit and access financing, as Found doesn’t help with either.
Lili vs. Found: Which One Should You Choose?
Lili and Found are both reputable business banking platforms that can help streamline banking and financial management. However, they do so in different capacities. Lili offers stronger banking infrastructure and more advanced financial management features, making it better suited for growing small businesses with teams of up to around 10. Found can be a good fit for business owners with less operational complexity who want a free plan that includes business checking and financial tools, such as freelancers and other sole proprietors.
If you’re still on the fence, here are a few questions you can ask yourself to help you decide:
- Do you want business checking and savings? If yes, Lili offers both. Found is checking only.
- Will your business keep over $250,000 in your account? If yes, Lili offers a higher FDIC limit of $3 million. Found’s FDIC limit is $250,000.
- Do you prefer envelope budgeting? If yes, Found provides 10 sub-accounts, while Lili provides five.
- Do you want to integrate tools like QuickBooks, Xero, and Gusto? If yes, Lili works better with other services, supporting 50+ integrations.
- Do you want dedicated bill management? If yes, Lili supports it. Found doesn’t.
- Do you want a free plan that includes financial tools and banking? If yes, Found’s base plan includes banking plus accounting, invoicing, and tax tools. Lili’s free plan is just banking.
- Do you need to send international wires? If yes, Lili supports them while Found doesn’t.
- Do you want to build business credit and access financing? If yes, Lili offers the BusinessBuild Program and a lender network. Found doesn’t provide support in these areas.
Does Lili sound like the right fit? Start your free trial of Lili Premium today!
