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Customer Case Study Tekmetric

Can an automotive repair SaaS become the financial and operational OS for auto shops by embedding payments, BNPL, and capital directly into the shop management workflow?

Founded2015
HQHouston, TX, USA
Latest roundPE Growth
IndustryVertical SaaS / Automotive
The story

Founded in 2015 as a shop management SaaS for independent and multi-location auto repair shops, Tekmetric progressively embedded financial services to deepen platform stickiness. The launch of Tekmetric Payments (built on Stripe Connect) moved the company from pure software toward a payments-enabled vertical SaaS model. Subsequent additions of BNPL (Affirm, Klarna, Sunbit) and Stripe Capital lending transformed Tekmetric into a financial services layer for auto repair — making cash flow management, customer financing, and capital access native to the shop workflow rather than external services.

Last 12 months
2024-11
2024
Product timeline
2015
Tekmetric founded as a cloud-based shop management platform for automotive repair shops.· pivot
2022
Launched Tekmetric Payments, an embedded payments solution built on Stripe Connect, enabling in-shop, remote, and Text-to-Pay transactions.· banking
2023
Introduced Buy Now Pay Later (BNPL) options — Affirm, Klarna, and Sunbit — integrated directly into Repair Order invoices.· lending
2024
Launched Tekmetric Capital Financing powered by Stripe Capital, offering embedded working capital loans to Tekmetric Payments customers.· lending
2024
Adopted Coris AI for automated merchant risk monitoring and underwriting, cutting manual reviews by 70%.· banking
The stack
Payments / PSP
Stripe Connect
Lending
Stripe CapitalTekmetric Capital Financing (Stripe Capital)Affirm BNPL (consumer)Klarna BNPL (consumer)Sunbit BNPL (consumer)
Accounting
QuickBooks DesktopQuickBooks Online
Accounting gap: minor