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ScribeUp has raised $13 million in a Series A, including $10 million in equity and a $3 million venture-debt facility. The company says it serves more than 60 financial institutions with tools to identify and manage recurring payments, and plans to use the funding for hiring, technology and go-to-market work.
Recurring-payment service ScribeUp has raised $13 million in a Series A to expand technology that lets customers identify and manage subscriptions and other recurring bills inside their financial institution’s app. The company said the financing includes $10 million in equity and a $3 million venture-debt facility, and will support hiring, technology development and its go-to-market strategy.
The equity round was led by Curql Collective, a fintech investment firm focused on credit unions, with participation from Mucker Capital and Service Ventures. ScribeUp announced the funding Monday in conjunction with the Money20/20 conference in Las Vegas. The source report did not provide a calendar date for the announcement.
ScribeUp supplies recurring-payment tools to more than 60 financial institutions, according to co-founder and CEO Jordan Mackler. Its customers include credit unions, fintechs and neobanks. The service is integrated into those institutions’ apps, where account holders can find recurring charges, cancel eligible payments and update payment methods, the company says.
The company says its technology can also flag upcoming bills that could leave a customer’s account short, giving them an opportunity to add funds beforehand. ScribeUp is developing agentic AI features to identify potential savings, including cases where users may be paying a price that is no longer competitive. Mackler said the company’s system can now track about 200,000 unique subscription billers, compared with hundreds of common merchants before the addition of agentic AI. Those figures and capabilities were described by the company and were not independently assessed in the report.
Banks Seek a Role in Recurring Bills
The funding backs a bid to make banking apps more useful in a part of household finances that often runs on automatic payments. Subscriptions, rent, insurance and buy now, pay later payments can be spread across providers and payment methods. ScribeUp’s approach is to bring visibility and some control into an app customers already use, rather than requiring them to manage bills through a separate service.
For financial institutions, the product could offer a way to add day-to-day features and strengthen customer engagement, while giving them a role in managing recurring payments. Curql president and CEO Nick Evens said banks and credit unions are seeking digital services tied to customers’ everyday lives. He also framed ScribeUp as a way for institutions to offer bill-control features rather than cede that relationship to standalone consumer apps. That is an investor’s rationale, not evidence that the product has produced a particular retention or revenue outcome.
For consumers, the potential value is easier discovery of recurring charges, the ability to act on unwanted payments, and advance notice of bills that may exceed available funds. The announcement does not include data showing how much users save, how often they avoid overdrafts, or how many customers use these features. The financing is evidence of investor backing, not proof of measurable consumer results.
subscription management app for banking
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From Forgotten Subscriptions to Banking Apps
ScribeUp was founded in 2020. Mackler told Banking Dive that the idea followed an experience involving co-founder and technology chief Yohei Oka. While the two were students at the Massachusetts Institute of Technology, Oka subscribed to YouTube TV and ESPN+ after Mackler introduced him to American football. Oka later became busy with schoolwork and forgot about the services; Mackler said about $350 in fees had been deducted from Oka’s bank account.
Mackler said that experience highlighted a mismatch between automated payments and the tools available to customers to monitor them. ScribeUp initially tracked hundreds of common merchants, according to the report. The company says that newer agentic AI capabilities have expanded its coverage to roughly 200,000 billers. The report does not detail how the system verifies a recurring charge, how often its identification is accurate, or which actions require a customer’s approval.
The Series A combines equity funding with venture debt rather than consisting entirely of equity. ScribeUp said the proceeds will go toward hiring, technology and go-to-market efforts, including work to improve its agentic technology. The announcement did not provide a breakdown of the planned spending or disclose the company’s valuation.
“Consumers “really have no chance” when it comes to keeping up with recurring payments.”
— Jordan Mackler, ScribeUp co-founder and CEO
recurring bill tracker for credit unions
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Product Impact Still Undocumented
The announcement does not disclose ScribeUp’s valuation, the terms of the venture-debt facility, or a detailed allocation of the proceeds. It also provides no independent performance figures on customer adoption, subscription cancellations, consumer savings or avoided overdrafts.
The company’s description of its AI features does not specify how it determines that a bill is uncompetitive, what evidence supports a potential savings alert, or how the system handles incorrect matches. It is also not clear whether every financial institution customer has access to all features, or how much control users have over automated actions. The report describes tools for identifying bills and enabling customer actions; it does not establish that ScribeUp cancels or renegotiates payments without user involvement.
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Funding to Expand the Platform
ScribeUp said it plans to use the new capital for hiring, technology development and its go-to-market strategy. The company also plans to improve its agentic technology, according to Mackler. It has not announced specific product-release dates, hiring targets or new financial-institution partnerships tied to the funding.
Further details on the company’s progress will depend on what ScribeUp and its financial-institution partners disclose about deployments and customer use. For now, the confirmed development is the financing and the company’s stated plans; the effect on consumers’ bills and on participating institutions’ businesses remains unreported.
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Key Questions
How much did ScribeUp raise?
ScribeUp announced a $13 million Series A, made up of $10 million in equity financing and a $3 million venture-debt facility.
Who invested in the round?
Curql Collective led the equity round. Mucker Capital and Service Ventures also participated.
What does ScribeUp’s service do?
ScribeUp says its tools let customers identify and manage recurring payments inside a financial institution’s app, including cancelling eligible payments and updating payment methods. It also says the service can flag upcoming bills that may leave an account short.
How will ScribeUp use the funding?
The company said it will put much of the financing toward hiring, technology and go-to-market work, including improving its agentic technology. It did not publish a more detailed spending breakdown.
Has ScribeUp shown how much money customers save?
The report does not provide independent figures on customer savings, avoided overdrafts or other measured outcomes. ScribeUp described potential savings features, but their impact was not quantified in the announcement.
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