Detroit, MI – Autobooks has announced the launch of Autobooks Capital, an innovative embedded lending platform developed in collaboration with Fundbox. Unveiled on Monday, this new feature allows small businesses to access short-term working capital seamlessly through their digital banking platforms.
Autobooks, a company known for providing integrated financial tools such as receivables, payables, accounting, and cash flow management, is enhancing its offerings with this new capital access tool. Autobooks Capital promises to deliver fast and flexible financing options directly within digital banking environments, thus eliminating the need for businesses to engage with third-party platforms or create additional accounts.
The platform utilizes Fundbox’s sophisticated capital infrastructure, which facilitates real-time underwriting and swift delivery of funds. This integration aims to empower financial institutions by offering their small business clients an effortless funding experience precisely when they need it, thereby reinforcing banks and credit unions as essential business partners.
Steve Robert, CEO of Autobooks, highlighted the significance of this development: “The launch of Autobooks Capital gives financial institutions a powerful new way to support small business growth with fast, flexible funding, delivered right inside digital banking. By partnering with Fundbox and leveraging our distribution network of over 2,000 financial institutions, we’re embedding capital access directly into the banking experience — in a way that complements and does not compete with financial institutions. It’s seamless, intuitive, and built to help bridge short-term cash flow gaps for small businesses.”
Autobooks Capital is fully integrated into the company’s existing suite of products, which includes digital invoicing, payment processing, automated bookkeeping, and financial reporting. The new feature offers business owners quick approval times, competitive interest rates, and adaptable repayment options, all without leaving their online or mobile banking platforms.
For small businesses, this advancement means expedited access to essential funds for activities such as inventory restocking, payroll management, or operational expansion. For financial institutions, Autobooks Capital is positioned as a strategic tool to preserve customer relationships and compete effectively with fintech lenders by maintaining users within their ecosystem.
Prashant Fuloria, CEO of Fundbox, expressed enthusiasm for this partnership: “We’re thrilled to bring Fundbox’s capital engine to Autobooks’ platform. While Fintech 1.0 tried to sidestep financial institutions, we believe that working with banks where small businesses already manage their finances is critical to addressing the trillion-dollar SMB capital opportunity.”
This initiative reflects a broader trend in small business finance toward embedded financial products that streamline access to credit and enhance cash flow management. By working within existing banking frameworks, Autobooks and Fundbox are providing digital-first solutions that minimize user disruption.
Autobooks Capital is currently available to financial institutions using the Autobooks platform, promising a new era of efficient and integrated banking services for small and mid-sized businesses.
