Autobooks Funding, Investors & Competitors
Autobooks has raised $113M across 7 funding rounds, most recently a $15M Series A in May 2025.
Last Autobooks funding round
$15M
Series A · May 2025
Cumulative funding Autobooks raised
$113M
across 7 funding rounds
Key investors in Autobooks
Baird Capital
Draper Triangle
Detroit Venture Partners
MissionOG
TD Bank
Macquarie Asset Management
Commerce Ventures
InvestMichigan
About Autobooks
Autobooks is a Detroit-headquartered fintech enabling small businesses to manage accounting via online banking integrations. Launched in 2017, the platform connects with 6,000+ US banks including Chase and Bank of America for instant payment acceptance, invoice generation, and reconciliation. Users automate AR workflows without subscriptions, processing $1 billion in annual transactions. Autobooks supports QuickBooks and Xero syncing, focusing on service industries with features like recurring billing and expense categorization.
Founded
2015
HQ
Detroit, MIWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Autobooks Funding History
Autobooks has raised a total of $113M across 7 funding rounds.
Autobooks' first fundraising round was a $2M seed round in June 2016. The most recent completed round was a $15M Series A in May 2025.
Autobooks funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2025 | Series A | - | $15M | Autobooks is a Detroit-based FinTech company founded in 2015 that provides integrated payment, invoicing, and accounting solutions tailored for small and medium-sized businesses (SMBs), embedded directly within digital platforms of banks and credit unions. The platform enables SMBs to manage finances including invoicing, payment acceptance like Tap to Pay on iPhone, and accounting tools within their banking apps. In May 2025, Autobooks secured a $40 million senior secured term loan classified as growth capital or debt financing from Runway Growth Capital. This non-dilutive funding supports platform expansion, market presence growth, and the acquisition of Allied Payment Network, which adds real-time bill pay and digital disbursement solutions to enhance embedded finance capabilities. The financing positions Autobooks as a key partner for financial institutions serving the SMB market, building on prior equity rounds including a $50 million Series C in June 2022 led by Macquarie Capital with participants like Baird Capital, Commerce Ventures, Draper Triangle Ventures, MissionOG, and TD Bank. Autobooks has raised a total of approximately $150.8 million across multiple rounds and earned Inc. 5000 recognition for fastest-growing private companies, ranking No. 258 in 2022 and No. 249 in 2023. |
| Jun 2022 | Series C | Macquarie Asset Management (lead); Baird Capital; TD Bank; Commerce Ventures; Draper Triangle; MissionOG | $50M | Autobooks is a Detroit-based payment and accounting platform that enables digital invoices, payment acceptance, and automated accounting for small businesses directly within internet and mobile banking. It serves over 800 financial institutions, covering more than one-third of the U.S. market through integrations with providers like Alkami, Bottomline, CSI, FIS, Jack Henry, and NCR. The platform uses a payment facilitation (payfac) model for quick deployment of self-service onboarding tools. The platform aids small businesses in reconciling bank accounts to its proprietary general ledger suite for better cash flow management and working capital access. On June 21, 2022, Autobooks raised $50 million in a Series C funding round led by Macquarie Capital Principal Finance, with participation from Baird Capital, Commerce Ventures, Draper Triangle, MissionOG, and TD Bank. Larry Handen, Senior Managing Director at Macquarie Capital, joined the Autobooks board. The funding supports expansion amid explosive growth, including an 800% increase in bank deployments to 840 installs and a 700% rise in small business customer adoption to over 60,000 businesses. The company reported averaging more than 10,000 monthly enrollments and surpassing $40 billion in transaction volume as of the round announcement. This capital-efficient growth builds on prior raises, including a $25 million Series B in March 2021 led by MissionOG and a $5.5 million Series A in 2018 led by Draper Triangle. Autobooks positions itself as the leading embedded receivables platform, helping banks retain small business customers by bundling essential back-office services. |
| Mar 2021 | Series B | MissionOG (lead); Renaissance Venture Capital; Detroit Venture Partners; TD Bank; Draper Triangle | $25M | Autobooks is a Detroit-based fintech platform providing small business payment and accounting services, enabling digital invoicing, online payments, cash flow management, and automated accounting integrated directly into banks' and credit unions' online and mobile banking channels. Founded in 2015, it partners with financial institutions ranging from $50 million to $350 billion in assets, offering turn-key deployments often in under 90 days. On March 11, 2021, Autobooks announced a $25 million Series B funding round led by MissionOG, with participation from Renaissance Venture Capital, Detroit Venture Partners, Draper Triangle, and TD Bank Group, bringing total funding to $42.5 million. The proceeds will expand domestic operations, enter international markets, accelerate product innovation, engage enterprise banks, and grow the team focused on product development and customer success. The round followed a record 2020 with 232% revenue growth and addition of 46 financial institutions to its customer base. CEO Steve Robert highlighted small businesses' resilience and Autobooks' role in modernizing their back-office through technology integrated with banking services. Investors like MissionOG's Rob Metzger praised Autobooks' partnerships redefining integrated receivables for treasury and cash management. Later rounds included a Series C of $50 million in June 2022 led by Macquarie Capital with some prior investors. Autobooks continued growth, raising additional funds in a Series D in 2025, reaching total funding over $98 million across nine rounds. |
| Jul 2020 | Series A | Baird Capital (lead) | $5M | - |
| Feb 2018 | Series A | Baird Capital (lead); InvestMichigan; CU Solutions Group; Detroit Venture Partners; Draper Triangle | $10M | Autobooks is a Detroit-based financial technology company that builds payment and accounting solutions for small businesses through embedded integrations with banks and credit unions. The company's platform enables digital invoicing, payment acceptance, and automated accounting directly within financial institutions' digital banking channels, serving over one-third of the US market through partnerships with providers such as Alkami, Bottomline, and FIS. In February 2018, Autobooks raised $10 million in funding led by Baird Capital, with participation from CU Solutions Group, Detroit Venture Partners, Draper Triangle, and Invest Michigan, following the company's self-funded $2 million seed round. This investment was intended to expand operations, refine product offerings, and increase distribution channels across multiple credit unions and banks. The founding team brought significant domain expertise, having previously built and scaled Billhighway, a payment and accounting platform that served large enterprises and processed billions of dollars annually. |
| Mar 2017 | Series A | Draper Triangle (lead); Detroit Venture Partners; Baird Capital | $6M | Autobooks is a financial technology company that builds cash management tools to help small business owners, providing banks and credit unions with receivables, payables, payments, and accounting solutions integrated into existing online banking systems. Autobooks closed a $5.5 million Series A financing round on March 13, 2017, led by Draper Triangle with participation from CU Solutions Group, Baird Capital, Detroit Venture Partners, and Invest Michigan. This followed a self-funded $2 million seed round and will fund team expansion, product development, and distribution growth. The founders previously built Billhighway, scaling it to millions of users processing billions annually. |
| Jun 2016 | Seed | - | $2M | - |
Who has invested in Autobooks?
10 investors have backed Autobooks across its funding rounds, including Baird Capital, Draper Triangle, Detroit Venture Partners, MissionOG, TD Bank and Macquarie Asset Management.
Lead investors include Macquarie Asset Management, MissionOG, Baird Capital and Draper Triangle.
Autobooks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Milwaukee, WI | 4 | Lead | Mar 2017 | |
| Pittsburgh, PA | 4 | Lead | Mar 2017 | |
| Detroit, MI | 3 | Participant | Mar 2017 | |
 Wilmington, DE | 2 | Participant | Mar 2021 | |
| Philadelphia, PA | 2 | Lead | Mar 2021 | |
| Detroit, MI | 1 | Participant | Feb 2018 | |
| Detroit, MI | 1 | Participant | Feb 2018 | |
 Sydney | 1 | Lead | Jun 2022 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Autobooks
Autobooks has acquired 2 companies to date.
Last acquisition by Autobooks was on March 9th 2026. Autobooks acquired MinuteLender for undisclosed valuation.
Latest Acquisitions by Autobooks
| Description | MinuteLender is a technology company that helps financial institutions originate small business loans quickly and at low cost. | Allied Payment Network is a provider of digital bill payment platforms integrated into banks, credit unions, and direct-to-consumer channels across the United States. Services include person-to-person transfers, eBills processing, payment vaults, portal pay options, and cryptocurrency transactions like bitcoin. The company's solutions embed seamlessly within financial institutions' online and mobile environments, supporting electronic payments for utilities, mortgages, and other recurring bills. |
| HQ Country | - | |
| HQ City | - | Fort Wayne, IN |
| Deal Date | 9 Mar 2026 | 6 May 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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Autobooks Competitors
Autobooks competitors include listed companies like S&P Global and Intuit, and private ones like Juniper Square, Rippling, Transmit Security and Thought Machine.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $108M | - | $1.1B | 10.2x | |
| San Francisco, CA | Private | $570M | - | $17B | 29.5x | |
| Boston, MA | Private | $100M | - | $2.7B | 27.4x | |
 London | Private | $63M | - | $2.7B | 42.9x | |
| United States | Publicly listed | $15B | $7.7B | $119B | 9.1x | |
| United States | Publicly listed | $21B | $6.9B | $84B | 3.9x |
Autobooks Public Comps
Autobooks is still privately-owned, but its public comps include SAP, S&P Global, Intuit, Moody's, Workday, Constellation Software, Corpay, Fiserv, Verisk Analytics and HiThink.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $21B | $6.9B | 4.0x | 3.9x | 12.2x | 9.1x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $9.6B | $1.2B | 5.1x | 4.7x | 42.0x | 14.2x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $4.5B | $2.4B | 7.6x | 6.8x | 14.1x | 12.7x | |||
| $21B | $8.9B | 2.5x | 2.8x | 6.1x | 6.4x | |||
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Common questions about Autobooks
| When was Autobooks founded? | Autobooks was founded in 2015. |
| Where is Autobooks headquartered? | Autobooks is headquartered in Detroit, MI, United States. |
| Is Autobooks publicly listed? | No, Autobooks is a private, VC-backed company. |
| How much funding has Autobooks raised? | Autobooks has raised $113M across 7 funding rounds. |
| What was Autobooks' last funding round? | Autobooks' last funding round was a $15M Series A in May 2025. |
| Who are Autobooks' investors? | Autobooks' investors include Baird Capital, Draper Triangle, Detroit Venture Partners, TD Bank, MissionOG, InvestMichigan, CU Solutions Group, Macquarie Asset Management, Renaissance Venture Capital and Commerce Ventures. |
| Which companies are comparable to Autobooks? | Companies comparable to Autobooks include Juniper Square, Rippling, Transmit Security, Thought Machine, S&P Global and Intuit. |
| How many companies has Autobooks acquired? | Autobooks has acquired 2 companies, including MinuteLender and Allied Payment Network. |
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