Close Menu
World Forbes – Business, Tech, AI & Global Insights
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
What's Hot

‘South Park’ Creators Trey Parker and Matt Stone Are Now Billionaires

July 25, 2025

How Jeffrey Epstein Got So Rich

July 25, 2025

Despite rainy weather, Catholics in a Paraguayan town dress as birds to honor their patron saint

July 25, 2025
Facebook X (Twitter) Instagram
Trending
  • ‘South Park’ Creators Trey Parker and Matt Stone Are Now Billionaires
  • How Jeffrey Epstein Got So Rich
  • Despite rainy weather, Catholics in a Paraguayan town dress as birds to honor their patron saint
  • Nishijinori weaving meets AI, a new era for Kyoto’s kimonos
  • Tea-loving Nepal is warming up to coffee
  • Trump’s AI plan could strain US power grid and change environmental regulations
  • Banksy work ‘The Migrant Child’ being restored in Venice
  • A cat named Leonardo da Pinchy doesn’t want your affection. He wants to steal your underwear
World Forbes – Business, Tech, AI & Global InsightsWorld Forbes – Business, Tech, AI & Global Insights
Saturday, July 26
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
World Forbes – Business, Tech, AI & Global Insights
Home » Autobooks lands $40m to enhance small business banking tech
Tech

Autobooks lands $40m to enhance small business banking tech

adminBy adminMay 9, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email
Post Views: 44


Autobooks lands $40m to enhance small business banking techAutobooks lands $40m to enhance small business banking tech

Autobooks, a FinTech company based in Detroit, provides integrated payment, invoicing, and accounting tools tailored for small and medium-sized businesses (SMBs).

The company has secured a $40m senior secured term loan from Runway Growth Capital, a prominent provider of growth loans to venture and non-venture-backed firms. The investment will enable Autobooks to advance its platform capabilities and support its broader strategic goals.

Founded in 2015, Autobooks offers a suite of embedded financial services directly within the digital platforms of banks and credit unions. These services include invoicing, payment acceptance—including Tap to Pay on iPhone—and accounting tools, allowing small business owners to manage their finances within their existing banking apps.

The new funding will also support Autobooks’ acquisition of Allied Payment Network, a company that provides flexible bill pay and disbursement solutions. This move is intended to strengthen Autobooks’ embedded finance capabilities, giving it a more comprehensive offering for financial institutions seeking to better serve SMBs.

Runway Growth Capital managing director of technology Jeff Goldrich said, “Autobooks’ robust growth and approach to empowering small businesses via direct integrations with leading financial institutions is truly innovative and aligns well with Runway’s investment philosophy.

“Our financing supports their ongoing platform growth and key strategic initiatives such as the Allied Payment Network acquisition, which we believe positions them as a critical partner for virtually any institution within the banking ecosystem that intends to serve the SMB market.”

Autobooks co-founder and CEO Steve Robert said, “Financial institutions want to deliver more value to their business customers — and they want to do it within the banking experience. By acquiring Allied Payments, we’re bringing together receivables, payables, and accounting in a way that’s never been done before.

“This is more than a product expansion — it’s the next step in our mission to help financial institutions compete by offering small businesses the tools they need to succeed. We’re grateful to have the support of Runway Growth Capital as we execute on this vision and continue to build a platform that meets the evolving needs of small businesses and their banking partners.”

Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global

Investors

The following investor(s) were tagged in this article.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

New BNPL rules to end ‘wild west’ lending and protect UK consumers

May 20, 2025

Triodos IM teams up with STOXX to launch new impact investing benchmark

May 20, 2025

Datamaran launches Harbor to support corporate sustainability professionals

May 20, 2025

European Parliament proposes stricter limits on ESG reporting requirements

May 20, 2025

Finastra divests TCM unit to Apax Funds to sharpen focus on core FinTech software

May 20, 2025

Zurich appoints new head of SME for Australia & New Zealand

May 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Billionaires

‘South Park’ Creators Trey Parker and Matt Stone Are Now Billionaires

July 25, 2025

After signing a new $1.5 billion deal with Paramount, Trey Parker and Matt Stone are…

How Jeffrey Epstein Got So Rich

July 25, 2025

Vanta Raises Funds At $4 Billion Valuation—Despite Not Needing Cash

July 23, 2025

Former Citigroup Chair Sandy Weill’s New $100 Million Gift To Harness AI For A West Coast Cancer Hub

July 23, 2025
Our Picks

‘South Park’ Creators Trey Parker and Matt Stone Are Now Billionaires

July 25, 2025

How Jeffrey Epstein Got So Rich

July 25, 2025

Despite rainy weather, Catholics in a Paraguayan town dress as birds to honor their patron saint

July 25, 2025

Nishijinori weaving meets AI, a new era for Kyoto’s kimonos

July 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to World-Forbes.com
At World-Forbes.com, we bring you the latest insights, trends, and analysis across various industries, empowering our readers with valuable knowledge. Our platform is dedicated to covering a wide range of topics, including sports, small business, business, technology, AI, cybersecurity, and lifestyle.

Our Picks

After Klarna, Zoom’s CEO also uses an AI avatar on quarterly call

May 23, 2025

Anthropic CEO claims AI models hallucinate less than humans

May 22, 2025

Anthropic’s latest flagship AI sure seems to love using the ‘cyclone’ emoji

May 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
© 2025 world-forbes. Designed by world-forbes.

Type above and press Enter to search. Press Esc to cancel.