Macquarie Capital Principal Finance led a $50m Series C funding round in Autobooks.

Macquarie Capital Principal Finance, an Australian global financial services group, led a $50m Series C funding round in Autobooks, an emerging payment and accounting platform, with participation from Baird Capital, Commerce Ventures, Draper Triangle, MissionOG, and TD Bank. “Businesses are increasingly looking for simple, bundled solutions to get paid and automate their back-office. If the bank can’t offer these services quickly, businesses will (and have) gone elsewhere. To maintain primacy, banks must optimize legacy merchant service programs to include digital payment acceptance tools that feature self-service onboarding. Autobooks makes this possible through our payment facilitation (payfac) model, which can be enabled within days by industry leading partners,” Steve Robert, Autobooks Co-founder and CEO.