AutoLeap
“Can a vertical SaaS for independent auto repair shops become the operating system — and eventually the financial layer — for a fragmented $20B+ industry stuck on spreadsheets?”
Founded2019
HQToronto, Ontario, Canada
FoundersSteve Lau, Rameez Ansari
Total raised$53M
Latest roundSeries B, 2023
IndustryVertical SaaS / Auto Repair
The story
AutoLeap was founded in 2019 by Steve Lau and Rameez Ansari to bring auto repair shops into the 21st century by replacing spreadsheets and clunky invoicing tools with a modern, end-to-end SaaS workflow. The product covers digital inspections, scheduling, invoicing, payments and QuickBooks-based accounting. To date the company remains a pure vertical SaaS play — embedded finance is limited to in-shop card acceptance and native QuickBooks sync; no BaaS, lending, payroll, or insurance products have been launched.
Last 12 months
—
Product timeline
2019
AutoLeap founded in Toronto to digitize auto repair shop operations.· founding
2020
$5M seed round led by Threshold Ventures.· funding
2021
$18M Series A led by Bain Capital Ventures.· funding
2023
$30M Series B announced; expansion of SaaS platform for auto repair shops.· funding
The stack
2 layers disclosed in AutoLeap’s embedded-finance stack
Payments / PSP
AutoLeap Payments (in-house product, processor undisclosed)
Accounting
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.