DETROIT, MI, Autobooks has raised $25 million in Series B financing, led by MissionOG.
Autobooks, a small business payment and accounting service platform, has raised $25 million in Series B financing, led by MissionOG. The round also included participation from other investors including Renaissance Venture Capital, Detroit Venture Partners and Draper Triangle, along with TD Bank Group.
Autobooks enables small businesses to send digital invoices and accept online payments directly from their financial institution's existing online and mobile banking channels. The Detroit-based fintech works directly with banks and credit unions to unlock potential within small and micro-businesses, which has been historically difficult to do profitably, at scale.
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