Bench

Vancouver’s Bench Accounting Shutters, Lays Off 450 Employees

Vancouver-based Bench Accounting, North America’s largest bookkeeping service for small businesses, has unexpectedly ceased operations, leaving customers and employees reeling. Approximately 450 staff members have been laid off, and the company’s platform was officially shut down on December 27, 2024. [Read more…] about Vancouver’s Bench Accounting Shutters, Lays Off 450 Employees

A company launched out of Vancouver last year with an idea to help smaller businesses build accounting products for their customers. [Read more…] about Vancouver Fintech Teal Raises Seed Round to Power ‘Stripe for Accounting’

Digital bookkeeping and tax advisory platform Bench recently announced a partnership with Wealth Factory, a provider of personal financial education and implementation programs for entrepreneurs and small business owners. [Read more…] about Bench, Wealth Factory Integrate to Equip Entrepreneurs with Real-Time Financial Insight

Earlier this summer, Communitech unveiled the first ever Team True North. The Kitchener-based hub for entrepreneurship created the list to spotlight “the best of Canadian tech”—which by their measure is defined as high-performing tech firms tracking to $1 billion in annual revenue with growth rates that match the top 1% of companies in the world. [Read more…] about These Six Canadian Fintech Firms Are on Track for Billion-Dollar Revenue

Vancouver’s Bench has raised a $72.5 million in Series C financing led by Contour Venture Partners.

The funding round more than doubles Bench’s total funding to over $120 million, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. [Read more…] about Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking

The Technology Fast 50 program celebrates the world-class achievements of Canadian technology companies, highlighting their commitment to innovation, leadership, and rapid revenue growth over the previous four years. [Read more…] about Fintech Companies Dominate Deloitte’s Technology Fast 50