Dun & Bradstreet and Lili Team Up to Help Small Businesses Establish Credit

A strategic collaboration between small business financial platform Lili and business decisioning and analytics firm Dun & Bradstreet is centered around helping businesses overcome barriers to accessing credit and capital.

“More than three quarters of small business owners are concerned about their ability to access capital, and hurdles in accessing credit can significantly curtail business growth,” Lili said in a media release about the partnership. “Through this integration with Dun & Bradstreet, Lili continues its mission to simplify business finances and provide business owners with the tools they need to succeed.”

Dun & Bradstreet’s small business customers can now apply to open a Lili business checking account directly from the Dun & Bradstreet myD&B platform, which provides access to D&B products and solutions for small businesses together in one centralized portal.

After opening their account, they will be able to sync their financial data with D&B Credit Insights, allowing them to potentially impact key business scores. This will enable hundreds of thousands of small businesses to take steps toward building their business credit file and history, the media release says.

“With a majority of small businesses relying on their personal savings to fund their business due to lack of access to credit and capital, there is a pressing need for more tools to help small businesses succeed,” Lilac Bar David, co-founder and CEO of Lili, said in a statement. “We are delighted that Dun & Bradstreet has chosen Lili to help its customers access innovative financial solutions, providing them with better resources to set them up for success.”

“Teaming up with Lili is an essential step for the sustainable growth and financial health of our small business customers,” added Chris Moss, general manager of small business at Dun & Bradstreet. “Separating business from personal finances can not only help protect personal assets, but also streamline accounting and tax preparation, enhance credibility with clients and investors, and set the foundation for long-term success.”

This collaboration follows the launch of Lili’s Accountant AI, a generative AI chatbot that harnesses businesses’ financial data and the latest industry information to provide business owners with personalized, instant recommendations about their business finances.

Accountant AI will be available for Dun & Bradstreet customers who sign up for Lili Smart or Lili Premium.