- Founded: 2019
- Ceased Operations: 2022
What did Fast do?
Fast was an easy checkout startup company that offers online checkout and login solutions created to give customers a secure shopping experience. Fast’s innovative technology allows for fast, efficient, and secure transactions, presenting a choice for businesses looking to streamline their payment process.
According to Crunchbase, Fast has raised $124.5 million since its founding in 2019. Along with Stripe, Index Ventures, Susa Ventures, and Global Founders Capital are additional investors.
Who started Fast?
Allison Barr Allen and Domm Holland co-founded Fast.
Why did Fast go out of business?
Fast shut down because of its slow growth and high burn rate, which made it difficult to raising additional funding. Fast’s CEO, Domm Holland, cited the competitive landscape and the difficulties in standing out in a crowded market as contributing factors to the company’s failure.
The tech publication The Information first reported that Fast generated about $600,000 in 2021.
Relevant Links
- Fast, the Checkout Startup, Shuts Down, NPR, April 5, 2022