Tag: accounting
Bench burned through $135 million before shutting down
A clearer picture of Bench’s downfall is emerging thanks to newly released bankruptcy filings.
The records show that the Canada-based startup, which ironically enough...
Failed fintech startup Bench racked up over $65 million in debt, documents reveal
Bench, the accounting startup that imploded over the holidays, filed for bankruptcy in Canada on January 7 revealing massive debts, documents seen by...
A 24-year-old who exited his first company to Coinbase, raises $3M for his next venture
At 24 years old, Pryce Yebesi already has one exit: selling his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount.
Some...
Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Friday, December 27, was supposed to be the start of a relaxing holiday weekend.
But it was chaos for thousands of small business owners...
Bench shuts down, leaving thousands of businesses without access to accounting and tax docs
Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium businesses, has abruptly shut down, according to a notice posted on...
A bad experience with an accounting firm spurred this founder to start Aiwyn
Accounting firms are struggling to adopt high-tech solutions. That’s according to a survey earlier this year from Rightsworks, which found that, while 88%...