Comparison

Small Business Banking Platform | Lili vs Novo

Small Business Banking Platform | Lili and Novo both land on Worth it.

Small Business Banking Platform | Lili

Worth it

Confidence: Medium

Buy if you're a freelancer, solopreneur, or tiny business wanting fast, low-fee business checking with built-in tax help.

Worth it

Confidence: Medium

Buy if you are a freelancer or small business owner who wants fee-free checking with invoicing built in.

Small Business Banking Platform | Lili versus Novo
Compare	Small Business Banking Platform \| Lili	Novo
Verdict	Worth it	Worth it
Best for	Freelancers and solopreneurs	Freelancers invoicing clients monthly
Who it's not for	Mid-market companies needing treasury or multi-entity controls	Businesses needing cash deposits or branches
Privacy	No known public vulnerabilities found in the sources reviewed.^⁶	No known public vulnerabilities found in the sources reviewed.
Support quality	83% rate 9-10, but rating is self-reported	Users report no phone number for support
Public sentiment	Public user feedback is limited to testimonials on Lili's own site plus one third-party review.^³	Users praise the simple, fee-free app but repeatedly complain about the lack of phone support.¹⁴
Biggest gotcha	Pricing messaging conflicts: one page says $0 monthly fee, another shows $18/mo for 3 months, then $30/mo after trial^¹	No phone support; a user says issues go unresolved, costing a 1-star review¹⁵