Vancouver-based Bench, a venture-funded accounting startup, has been acquired by San Francisco’s Employer.com in a deal aimed at reviving the platform and addressing the fallout from Bench’s abrupt shutdown last week. The acquisition price remains undisclosed, according to TechCrunch, which broke the story. Bench, which reportedly served 12,000 customers, left small business owners locked out […]
Bench
Bench Accounting Abruptly Shuts Down Ahead of Tax Season
Vancouver’s Bench Accounting, North America’s largest bookkeeping service for small businesses, has unexpectedly closed its doors, leaving thousands of customers scrambling for solutions just as tax season approaches. First reported by Daily Hive, the Vancouver-based company announced the shutdown via a “Notice of Service Closure” posted on its website. “We regret to inform you that […]
Bench Accounting Cofounders Rejoin Forces to Launch New Fintech, Teal
A company launched out of Vancouver last year with an idea to help smaller businesses build accounting products for their customers. With Teal, users can build a financial hub that drives attachment and engagement across all financial services products, according to the founders. And they can do it in a matter of weeks, not months. […]
Bench Boosts Business Owners with Real-Time Financial Insight in Latest Partnership
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. The Vancouver-based fintech, named last year to Team True North, says the partnership provides real-time financial insights to a network of 25,000 entrepreneurs. “Wealth Factory customers […]
Article, Bench, and Certn Among B.C. Startups Added to Team True North
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. The list—which […]
Vancouver Fintech Empties The Bench With Exit Of CEO Ian Crosby
Vancouver’s Bench announced the appointment of Jean-Philippe (JP) Durrios as the company’s first President and CFO today. The c-suite update comes on heels of Bench co-founder Ian Crosby departing his role of CEO, confirmed by Betakit. The announcement of Crosby’s departure was made at an all-hands meeting on January 10th at Bench’s Vancouver headquarters. Durrios brings […]
Shopify Invests In Bench As They Expand Beyond Accounting Into Banking
Vancouver’s Bench has raised $73 million in a Series C financing round led by Contour Venture Partners, supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and including new investors including Sage and Shopify. The raise more than doubles Bench’s total funding to over $120 million and coincides with a major relaunch of […]
Six Companies That Are Hiring Virtually In B.C.
It’s a great time to be looking for a new gig in Vancouver’s tech ecosystem and Tech Talent Canada is making it easier than ever with their upcoming virtual job fair. Tech Talent Canada’s job fairs have been a huge success with 1,500+ educated, experienced, and diverse candidates at each of their events since they went virtual […]
Bench Scaling Up Workforce To Build Bench Banking
Over 6.5 million people visited Bench Accounting’s blog during the lockdown, making it a top resource on the Internet for information about U.S. government financial relief programs during COVID-19. During that time, Bench’s traffic was roughly 7 times what it was pre-COVID. And it turns out having a real human bookkeeper who can talk you through your […]
11 B.C. Tech Companies Named To 2021 Narwhal List
The Narwhal Project identifies a set of young Canadian companies that have the potential to become successful on the world stage. The Narwhal List sheds light on the ability of firms to scale up and reach world-class status. 2020 was another remarkable year for Canadian Narwhals and eleven companies from B.C. made the cut. The […]