The Bank Slate


Stripe-backed fintech Fast to close

Fast, a fintech that included Stripe among its financial backers, is closing. 

The startup, founded in 2020, allowed users to check out instantly without entering passwords or other account information. 

“Sometimes trailblazers don’t always make it all the way to the mountain top,” Domm Holland, the San Francisco company’s co-founder and CEO, tweeted Tuesday afternoon. 

“After making great strides on our mission of making, buying and selling frictionless for everyone, we have made the difficult decision to close our doors,” Holland added. “While you’ll no longer see the Fast button at checkout, we are incredibly proud of the team we assembled and our work to democratize commerce.” 

Fast raised more than $100 million in early 2021 from a round Series B funding that included investors such as Stripe, Addition, Index Ventures and Susa Ventures.

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