Autobooks recognized as a 2019 Benzinga Fintech Listmaker
Financial media leader features new platform to improve small business banking
DETROIT, MI (December 3, 2019) — Autobooks is a small business payment and accounting platform integrated within a financial institution’s digital banking experience. Today, the company announced that it has been named to the Benzinga Fintech Listmakers and acknowledged for outstanding performance in the best new product category.
To celebrate its fifth anniversary, Benzinga honors winners for the advancements their companies are making in financial technology. The Benzinga Fintech Listmakers are comprised of 150 carefully vetted and renowned companies and executives who are striving to revolutionize the fintech industry. From deeply established companies to the newest startups, this group is impacting sectors like payments, banking, investing, technology and financial literacy.
The list of carefully selected companies will be honored each year as Benzinga continues to highlight the fintech industry’s most innovative minds. Jason Raznick, CEO of Benzinga, said, “We’re recognizing the companies that will define the future of our financial lives. Since the inaugural Benzinga Fintech Awards in 2015, our listmakers have closed $300 million in deals and partnered with some of the biggest players in the industry. We look forward to honoring these players for years to come, as well as finding the next generation of fintech.”
Autobooks provides financial institutions with an all-in-one solution to meet small business demand and win back business relationships. The solution integrates directly within existing digital banking channels, making it much easier for small businesses to discover and adopt. As a result, Autobooks has improved user engagement for its financial institutions by capturing more than 30 logins per month per SMB, an increase of 40% within their digital channel. Autobooks is also helping institutions reach an average of 5% adoption within 12 months of launch. Financial institutions are seeing businesses that engage with Autobooks increase deposits by an average of 18%, largely because they are getting paid faster and their payments are not being held by third parties.
Steve Robert, co-founder and CEO of Autobooks, added, “We are proud to be named to the Benzinga Fintech Listmakers for creating a solution that continues to impact the financial lives of small businesses across the country. Our nation’s 30.7 million small businesses and 28 million independent workers need better small business banking tools to manage their back-office and finances. At Autobooks, we are small business obsessed; we continue to design our product to meet the rapidly evolving needs of small businesses by providing the right financial tools within their financial institution accounts.”
To view a complete list of the Listmakers, visit https://fintechawards.com/listmakers/.
Detroit-based Autobooks is a provider of small business banking solutions that integrate within a financial institution’s digital experience. Through Autobooks, banks and credit unions can become a digital destination for small business owners, helping build stronger relationships, grow deposits and identify opportunities to increase fee income. Please visit www.autobooks.co to learn more.
Benzinga is a dynamic and innovative financial media platform that empowers investors with high-quality, unique content with the goal of making information easier to consume. Benzinga’s mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday. Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles.