“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?”
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.
Tola discloses Patriot Bank as its banking provider, with Patriot Bank, N.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Tola does not disclose a bank charter of its own; its banking services are provided through Patriot Bank, N.A..
Tola integrates with QuickBooks and Xero.
The Embedded Finance Index 2026 maps 4 layers in Tola's stack: Banking / BaaS (Patriot Bank); Lending (Working capital); Sponsor bank (Patriot Bank, N.A.); Accounting (QuickBooks and Xero).
Tola was founded by Alen Cvisic and Guillaume Simard and is founded in 2022, headquartered in San Francisco, CA, USA.
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