Autobooks embeds invoicing, digital payment acceptance, and optional accounting tools directly into a business’s online or mobile banking platform, letting small businesses and nonprofits create professional invoices, share payment links or QR codes, and accept card, ACH, or contactless payments that settle straight into their checking account. The service charges a flat processing fee and offers a low‑cost accounting add‑on that automatically records transactions and generates financial reports, eliminating the need for separate payment processors and bookkeeping software.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MCFounders
Product
Problem
Small businesses and nonprofits often rely on multiple separate apps to invoice customers, accept card or ACH payments, and manage bookkeeping, leading to fragmented workflows, hidden fees, and delayed cash flow.
Solution
Autobooks integrates invoicing, digital payment acceptance, and optional accounting tools directly into a business’s existing online or mobile banking platform. Users can create and send professional invoices, share secure payment links or QR codes, and accept card, ACH, or contactless payments—all of which settle straight into their checking account within two business days. The service offers a single, transparent processing fee regardless of card type and provides an add‑on accounting module that automatically records transactions, generates profit‑and‑loss statements, balance sheets, and cash‑flow dashboards. By embedding these capabilities in the trusted banking interface, Autobooks eliminates the need for third‑party payment processors and separate bookkeeping software, streamlining cash‑flow management for small enterprises.
Target Audience
Autobooks is aimed at small business owners, freelancers, and nonprofit organizations that already use a partner bank or credit union and need an integrated solution for invoicing, payment collection, and basic accounting.
Features
- In‑bank invoicing with customizable templates, logo, and branding
- Secure payment links, QR codes, and Tap‑to‑Pay on iPhone for in‑person card and digital‑wallet transactions
- Acceptance of major credit/debit cards (flat 3.49% fee) and ACH transfers (1% fee) with funds deposited directly to the checking account
- Real‑time payment tracking dashboard showing incoming, due, and past‑due amounts
- Optional accounting add‑on ($10 / month) that auto‑records transactions, syncs external accounts, and produces P&L, balance sheet, and cash‑flow reports
- Exportable CSV reports and integration with existing bank navigation for seamless workflow
- Support from the user’s financial institution’s small‑business specialists rather than generic self‑service help desks