Novo vs Lili: Business banking, simplified

Compare tax tools, rewards, and integrations so you can choose banking that feels clear, simple, and built to grow with your business.

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Less tools, more money in

"I was using personal accounts, sending invoices in Google Docs, and getting paid through PayPal. It felt messy and unprofessional. Now I have a dedicated account, seamless invoicing, and I just download my reports come tax season."

Rebecca Suby-LongPage St. StudioDesign Studio

Features

Lili

Monthly fees

$0 core; $9–$35/month paid tiers

Integrations (Stripe, QuickBooks, Xero, Gusto, Squarespace, etc.)

Built-in Invoicing

Automated Budget Allocation

Faster Payments (Express ACH / Same-day ACH)

Automatic Expense Categorization

2% Cashback Business Credit Card

High-Yield Savings

See what's coming in, what's going out, and what needs your attention without digging through spreadsheets.

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What other independent business owners are saying

Open account

Customer since 2021

No delays, no friction, no headaches

Novo has completely simplified how I manage my business finances. I can track cash flow in real time, organize expenses, and move money fast. No delays, no friction. It keeps me focused on clients instead of fighting with outdated banking.

Adam FernandezA. Fernandez & Co., LLCHR Consulting

Yes. Novo offers a business credit card with 2% cashback. 

Lili offers a credit-building card program designed to help establish business credit, but it does not offer a cashback rewards business credit card. If earning rewards on everyday business spend matters, Novo provides direct cashback value.

Novo includes AI-powered expense categorization and customizable Reserves to help you automatically set aside funds for taxes. Novo focuses on clean categorization and seamless integration with accounting software, so your books stay organized within your existing workflow.
Lili includes built-in tax buckets and bookkeeping tools, with more advanced features available in paid plans.

No. Novo includes built-in invoicing as part of its free business checking account — no tiered upgrade required.

Lili also offers invoicing, with additional financial tools available in paid tiers.

Novo integrates directly with QuickBooks, along with Stripe, Square, Amazon, Etsy, Wise, and other business tools. Lili supports QuickBooks and offers integrations with partner tools.

Novo is designed to fit into ecommerce and multi-channel revenue workflows without requiring extra workarounds.

Novo has no monthly maintenance fee.

Lili offers a free core plan, with paid tiers (approximately $9–$35/month) for additional features like advanced bookkeeping and financial tools.