Autobooks plans USD 30m-50m Series B next summer, CEO says

Founded in 2015, Autobooks is a white-labeled platform that offers small business banking services to more than 40 financial institutions. The company partners with industry leaders like Microsoft, core and digital banking providers to enable banks and credit unions to get to market quickly and engage a category that has been largely underserved with a product suite that grows deposits and non-interest income. Today, just shy of three years into business, the company is past the startup stage and well-positioned for rapid growth.

With substantial investments being poured into small business financial services, Steve Robert, co-founder and CEO of Autobooks, talks with Mergermarket about the company’s plans for Series B funding. Proceeds will go toward upgrading data-mining and marketing-automation technologies to help institutions better target their customers and launch receivable-based lending products