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Autobooks Raises $25M in Series B Funding


Autobooks Raises $25M in Series B Funding
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DETROIT, March 11, 2021 /PRNewswire/ Autobooks, the small business payment and accounting services platform, today announced that they have raised $25 million in Series B financing, led by MissionOG.  The round also includes participation from other investors including Renaissance Venture Capital, Detroit Venture Partners and Draper Triangle, along with TD Bank Group.
The ability to receive payments online is vital for today s small business, said Rob Metzger, General Partner at MissionOG. As we analyzed the market, we were impressed with Autobooks unique ability to successfully partner with financial institutions. These partnerships help redefine integrated receivables, bringing immediate and significant value to treasury and cash-management services and the small businesses who most need the help.   ....

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TD Bank Creates New Commercial Bank


TD Bank Creates New Commercial Bank
 
TD Bank recently announced it has combined its previous commercial and corporate with speciality banking teams to create a new commercial bank. According to TD Bank, the commercial banking will drive growth as well as deliver a “better” client and colleague experiment and create efficiencies.
“TD Bank’s Commercial Bank previously encompassed Middle Market, community and small business lending, deposits, Treasury Management and point of sale solutions for companies within the Bank’s Maine to Florida footprint.”
While sharing more details about the new banking experience, Greg Braca, President and CEO, stated:
“Our Commercial Bank and Corporate and Specialty Banking teams have repeatedly demonstrated that they can deliver strong results together in any economic cycle. To continue their track record of success, we have merged these teams to build on their combined strengths and position them for long-term gr ....

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