Autobooks, a U.S.-based mostly tiny enterprise payment and accounting expert services platform, introduced on Thursday it elevated $25 million by way of its Sequence B financing round, which was led by MissionOG with participation from Renaissance Venture Money, Detroit Undertaking Partners, Draper Triangle, and TD Bank Team.
Founded in 2015, Autobooks notably works with money establishments to deliver what little enterprises need to have: hard cash stream administration, payment services, and fiscal reporting built-in straight into latest banking channels.
“Autobooks supplies a uncomplicated, however automated method to smaller small business banking. Our answer tends to make accounting and payments quick to understand, which will help tiny company in their day-to-day, providing them additional time to do what they do ideal. Autobooks produces opportunities for proven business enterprise entrepreneurs, as well as emerging micro, way of life and gig overall economy business owners.”
Autobooks additional disclosed it now has a escalating customer foundation of banking companies and credit rating unions, with property ranging from $50 million to $350 billion. Steve Robert, CEO of Autobooks, then mentioned:
“Last 12 months was incredible for numerous reasons, loaded with new challenges and chances in the fintech sector. Our workforce is humbled and motivated by the perseverance of tiny corporations – their creative imagination and resourcefulness to defeat hurdles, embrace technological innovation and modernize their back again business office from all odds. We hear these stories every working day, realize their unmet desires and goal to enable restore banks and credit unions job at the center of their customers’ economic life – combining present day technology, individualized provider and contextual recognition to assistance corporations recognize their whole prospective.”
Autobooks then extra the Sequence B cash will be applied to continue on to broaden operations domestically, as effectively as enter worldwide markets accelerate product innovation further interact with big, enterprise banks and grow its group with a essential focus on merchandise advancement and buyer accomplishment.