The Green Sheet Online Edition
April 4, 2025 • 25:04:01
Cross-border transactions made easy for SMBs
Lili, a financial platform designed for small business owners, is focused on making global transactions more accessible with the launch of international wire payments in 27 countries across North America, Europe and Asia. This expansion gives entrepreneurs the ability to send and receive international wire transfers with greater speed, security, and affordability—bridging the financial gap that often limits small businesses from competing on a global scale, the company stated.
Traditionally, cross-border payments have been dominated by large enterprises with established banking infrastructure. However, as international trade grows, small businesses are increasingly engaging in global commerce. According to FXC Intelligence, the cross-border payments market reached $190.1 trillion in 2023 and is expected to expand by 53 percent by 2030. Recognizing this shift, Lili's latest innovation is designed to ensure that small business owners are not left behind.
Lili said that through its new wire payments solution, it enables small business owners to transact across borders with:
- Unlimited inbound transfers
- High outbound transaction limits
- Enhanced security measures
- Competitive pricing
- Fast processing times, with payments arriving within 24 hours
Lili's integrated Bill Pay solution also automates transaction tracking to help ensure that international payments are seamlessly recorded and organized. This feature, the company said, helps business owners strengthen vendor relationships while maintaining a clear overview of their finances.
"By expanding access to international payments, we're giving small business owners the flexibility to connect with global vendors and customers," said Lilac Bar David, co-founder and CEO of Lili. "Now, our customers can streamline cross-border transactions in a way that is both cost-effective and efficient, helping them compete in today's global marketplace."
Founded in 2019 by industry veterans Lilac Bar David and Liran Zelkha, Lili says it is more than just a banking platform—it integrates accounting and tax preparation tools, enabling small businesses to manage their finances with ease, the co-founders pointed out. The company is backed by investors such as Group 11, Foundation Capital and Torch Capital, and is headquartered in New York, serving customers nationwide.
Lili noted that its international wire payments feature marks another major milestone in the company's mission to simplify financial management for entrepreneurs. The platform plans to expand its list of supported countries later this year, reinforcing its commitment to helping small businesses thrive in an increasingly global economy. For more information, visit lili.co. .
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