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NEW YORK, NY (April 16, 2025)<\/strong>\u00a0\u2014\u00a0Lili<\/a>, the financial platform designed for small business owners, announced today the launch of a new suite of tools to help online merchants grow and scale their businesses. Through Lili Connect\u2014Lili\u2019s embedded finance integration\u2014leading eCommerce platforms can now offer their customers tailored banking[1]<\/sup>, accounting and tax solutions to help them simplify and manage their businesses\u2019 finances.\u00a0<\/p>\n According to PYMNTS Intelligence, nearly\u00a08 in 10 small businesses<\/a>\u00a0rely on an online store to drive sales, with eCommerce playing an increasingly vital role in the economy. In 2024, U.S. eCommerce sales reached $1.192 trillion, accounting for\u00a016.1% of total retail sales<\/a>\u2014an 8.1% increase from 2023, according to the U.S. Census Bureau. As eCommerce continues to grow rapidly, traditional banking and accounting solutions fail to meet the unique needs of these businesses, such as managing frequent transactions, seamless access to store revenue, and supporting cross-border payments. Consequently, tailored financial tools are increasingly critical for their success.<\/p>\n Now, through Lili Connect\u2019s new eCommerce partners\u2014including Convesio, North Commerce, and Hostinger\u2014online merchants can open a business checking account directly within their platform. This integration provides instant access to store earnings, automated bookkeeping and tax management, and efficient international payment solutions, streamlining financial operations for growing businesses.<\/p>\n Moreover, as online merchants juggle multiple responsibilities like managing their online store, handling inventory, and overseeing their finances, simplifying their day-to-day operations is crucial for staying competitive in a rapidly changing eCommerce landscape. With WordPress powering over\u00a040<\/a>%<\/a>\u00a0of websites, many small business owners rely on it as the foundation of their online stores. Recognizing this trend, Lili\u2019s WordPress plugin integrates financial management directly into their daily operations. This solution allows business owners to track earnings, manage expenses, and access banking tools\u2013 all from one unified platform \u2014 enhancing operational efficiency and financial oversight.<\/p>\n \u201ceCommerce entrepreneurs drive innovation and growth in the U.S. small business community, and they need financial tools that keep up with their pace,\u201d said Lilac Bar David, co-founder and Chief Executive Officer of Lili. \u201cWe\u2019re excited to partner with leading eCommerce platforms to provide online merchants with seamless, integrated financial solutions that simplify banking, accounting, and payments\u2014so they can focus on growing their business.\u201d<\/p>\n “Partnering with Lili allows us to give WooCommerce merchants quick access to their funds with ConvesioPay, at no additional cost\u2014unlike other providers who charge for funding transfers,\u201d said Convesio CEO Tom Fanelli. \u201cThis seamless integration ensures that merchants can set up their Lili account effortlessly during onboarding, making cash flow management easier than ever.”<\/p>\n \u201cWe are joining forces with Lili to offer an even better experience for our customers,\u201d said Domantas Patinskas, Head of Business Unit at Hostinger. \u201cThis partnership helps freelancers, small business owners, and online sellers \u2013 especially those using WooCommerce \u2013 get their businesses up and running faster. Instead of managing separate providers, customers get a smoother set up for both hosting and finance, saving time and effort.\u201d<\/p>\n Lili\u2019s eCommerce solution marks the latest offering from Lili Connect, which launched in 2024. Recently, Lili also introduced bank accounts for eligible non-U.S. residents with U.S. businesses through Lili Connect. Lili will continue to develop and adapt its financial solutions to support the evolving needs of eCommerce entrepreneurs, ensuring they have access to the tools necessary to manage their businesses effectively.<\/p>\n ——-<\/strong><\/p>\n [1]<\/sup>\u00a0Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa\u00ae Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted.<\/p>\n Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.<\/p>\n Subscribe to our FREE newsletter and we’ll deliver content like this directly to your inbox.<\/p>\nLike what you’re reading?<\/strong><\/h4>\n