Update, April 6: The Information tracked Fast's rise and fall. Read our in-depth look at its over-the-top spending and rapid-fire hiring that masked the startup's chronic struggles.
One-click checkout startup Fast is shutting down entirely and will discontinue its products and brand, according to several people familiar with the matter.
It’s a stunning collapse for a fintech company that had raised $120 million in funding from backers including payments giant Stripe, Index Ventures and Lee Fixel’s Addition. Fast has been aiming to transform online shopping by making it easier to check out across a wide range of stores.