Autobooks provides invoicing, digital payment acceptance, and accounting solutions for small businesses, fully integrated into online and mobile banking. Its platform is delivered via financial institutions and is used by banks and credit unions nationwide to help grow and retain small business relationships. The company is led by CEO Steve Robert and is based in Detroit, MI. Autobooks plans to use the new capital to support continued expansion, including its recently announced acquisition of Allied Payment Network, a provider of integrated flexible payment solutions. The article reports a $40M investment from Runway Growth Capital to support these initiatives. No operating metrics or prior funding rounds are disclosed in the article. Autobooks is a Detroit, MI-based small business payment and accounting services platform led by CEO Steve Robert. It enables small businesses to send digital invoices and accept online payments directly from their financial institution’s existing online and mobile banking channels. Through its system, financial institutions can offer back-office services and a small-business eCommerce platform embedded within their digital banking channels. In November 2021 the company raised $25M in Series B financing. The company plans to use the funds to expand operations domestically, enter international markets, accelerate product innovation, deepen engagement with large enterprise banks, and grow its team. Investors in the round include MissionOG, Renaissance Venture Capital, Detroit Venture Partners, Draper Triangle and TD Bank Group. Autobooks provides an integrated receivables and cash-management platform for banks and credit unions. The platform lets banks bundle invoicing, payments and accounting services and offer them to small-business clients. Its tools are designed to help small businesses manage cash flow and automate administratively burdensome bookkeeping tasks. The company is led by co-founder and CEO Steve Robert. Autobooks is based in Detroit and also has a presence in Austin, Texas. It recently raised $10M in a Series A1 and intends to use the funds to increase hiring. Autobooks is a Troy, Michigan-based financial technology company that builds cash management tools and payment and accounting software integrated into online banking platforms. Its platform enables banks and credit unions to offer receivables, payables, payments and accounting services to small business clients, expanding beyond basic bill pay functionality. The company is led by CEO Steve Robert. Autobooks closed a $5.5M Series A financing round to support growth. It intends to use the funds to expand its team and product offering and to increase distribution channels. The product is positioned as an embedded service within existing online banking systems for financial institutions serving small businesses.

Total raised

$81M

Funding rounds

4

Latest round

Equity

Latest activity

May 2025