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The Central Trust Bank Chooses Autobooks To Elevate Small Business Digital Banking

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Autobooks Named to Crain's Detroit "Cool Places to Work in Michigan" List

Autobooks Named to Crain's Detroit "Cool Places to Work in Michigan" List
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Autobooks Raises $25M in Series B Funding

Autobooks Raises $25M in Series B Funding
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DETROIT, March 11, 2021 /PRNewswire/ Autobooks, the small business payment and accounting services platform, today announced that they have raised $25 million in Series B financing, led by MissionOG. The round also includes participation from other investors including Renaissance Venture Capital, Detroit Venture Partners and Draper Triangle, along with TD Bank Group.
The ability to receive payments online is vital for today s small business, said Rob Metzger, General Partner at MissionOG. As we analyzed the market, we were impressed with Autobooks unique ability to successfully partner with financial institutions. These partnerships help redefine integrated receivables, bringing immediate and significant value to treasury and cash-management services and the small businesses who most need the help. ....

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Autobooks Celebrates Record Year of Growth, Increased Distribution

Autobooks Celebrates Record Year of Growth, Increased Distribution
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DETROIT, Jan. 21, 2021 /PRNewswire/ Autobooks, the small business payment and accounting services platform, accelerated momentum throughout 2020, signing a total of 46 new bank agreements, while also announcing deployments with
The company closed 7 bank contracts in December and another 4 in the first two weeks of January bringing its customer portfolio to 86 financial institutions, compared to 36 at the end of 2019. The Detroit-based fintech works directly with banks and credit unions to provide integrated receivables to small and micro-businesses; a segment which has been historically underserved.
Autobooks has been successfully deployed with financial institutions across the United States representing a diverse range of asset sizes, from $50 million to over $350 billion. To be successful in the SMB market, you must be ruthlessly ....

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