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Mmastodon BusinessStartups first seen 12 h ago, last 9 min ago, peak #8

One-click checkout startup Fast raised $102 million, then shut down

Original: Стартап Fast підняв 102 мільйони доларів і закрився за три роки. Fast запустили 2019 року Домм Голланд і Елісон Барр Алл

Fast, the one-click checkout startup founded in 2019 by Domm Holland and Allison Barr Allen as a rival to Shopify's Shop Pay, has shut down after roughly three years. The company had raised about $102 million in total, including a $20 million Series B in 2021, and its collapse is drawing attention as a cautionary tale about fast-burning fintech ventures.

Why now: The sudden collapse of a well-funded startup despite raising over $100 million is striking news in the tech and fintech community.

FastDomm HollandAllison Barr AllenShopify

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