Tola
“Can a unified AP/AR + working-capital platform eliminate cash-flow uncertainty for US SMBs by embedding banking and financing directly into the tools they already use for accounting?”
Founded2022
HQSan Francisco, CA, USA
FoundersAlen Cvisic, Guillaume Simard
Latest roundSeed / Early VC, 2022
IndustryFintech / SMB banking
The story
Founded in 2022, Tola set out to solve the cash-flow stress faced by US-based SMBs operating on manual, paper-check B2B payment rails. The platform combined accounts payable, accounts receivable, and working-capital financing in one tool, integrating natively with QuickBooks and Xero. Banking infrastructure was provided by Patriot Bank, N.A. under a fintech-as-a-service model — Tola explicitly disclaimed being a bank. The company was acquired by Block in 2025, positioning the product to potentially merge into Block's broader SMB financial-services ecosystem.
Product timeline
2022
Tola Inc. founded by Alen Cvisic and Guillaume Simard as an SMB cash-flow management platform backed by Creandum and Sequoia Capital.· pivot
2024
Launched bill payment services powered by Patriot Bank, N.A., and published formal Terms of Service covering AP/AR, working capital, and banking features.· banking
2025
Acquired by Block (acquirer listed on PitchBook); company status changed to Acquired/Merged.· acquisition
The stack
4 layers disclosed in Tola’s embedded-finance stack
Banking / BaaS
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.