← State of Embedded Finance 2026

Lilly

How does a global pharmaceutical giant modernize its internal treasury, employee benefits, and supplier payment infrastructure to match its scale across 140+ countries?

HQIndianapolis, Indiana, United States
Latest roundPost-IPO Debt (public company)
IndustryVertical SaaS / Healthcare
The story

Eli Lilly is one of the world's largest pharmaceutical companies, engaged in discovery, development, manufacture, and sale of pharmaceutical products. Its embedded finance footprint is primarily internal — focused on employee benefits (401(k) plans), global treasury and FX management, and supplier payments infrastructure. The company is not an embedded finance provider; rather it is a large enterprise consumer of financial services infrastructure.

Last 12 months
Product timeline
2010
Lilly set out their Global Services Design (GSD) vision including expansion of Shared Service Centers and global SAP standardization.· pivot
2024
Lilly Employee 401(k) Plan filed Form 11-K with the SEC for fiscal year ended December 31, 2024.· banking
The stack
Accounting gap: none