Fast, the Troubled Fintech Startup, Is Shutting Down Read Now

About Us
Pricing
Briefing
Venture Capital

Stripe-Backed Payments Startup Raises $102 Million

By Kate Clark
· · Source: The Information

Fast, a startup developing technology that enables quick checkouts online, has raised $102 million in Series B funding led by Stripe and Addition. Venture firms Index Ventures, Susa Ventures and Sugar Capital also participated. The Information reported in November that Fast planned to raise between $50 million and $200 million in new funding at a valuation as high as $1 billion. CEO Dom...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Partner Event
While Digital Stragglers Remain, AI is Helping to Close the Gap
By The Information Staff · April 5, 2022 11:26 AM PDT
On March 29, in partnership with Accenture, The Information hosted a conversation to discuss how platforms are helping small and medium-sized businesses (SMBs) to establish digital maturity. While big businesses have largely weathered the ill effects of the COVID-19 pandemic, many SMBs face tumultuous waters when navigating the disruption and uncertainty. Although the pandemic has provoked...
Latest Briefs
 
WarnerMedia CEO to Depart Friday
By Jessica Toonkel · April 5, 2022
Elon Musk Joins Twitter Board
By Martin Peers · April 5, 2022
Google Offers Employees Electric Scooter Subscription
By Sarah Krouse · April 4, 2022
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
GoPuff advertisements in NYC. Photo by Business Wire
Exclusive
Gopuff Plans Hundreds of Layoffs to Cut $40 Million in Costs
By Berber Jin
Gopuff, the instant-delivery company valued at $15 billion last fall, is preparing to lay off hundreds of employees, or around 3% of its global workforce, said a person with knowledge of the matter.
Fast CEO Domm Holland at a company event. Photo: Fast
Exclusive Venture Capital Startups
Stripe-Backed ‘Fast’ Seeks Buyer After Struggling to Raise Capital
By Malique Morris and Jessica E. Lessin
Fast, a startup that develops one-click checkout software for online merchants, is trying to find a buyer after failing to raise a new round of funding, according to two people with knowledge of the situation.
Art by Clark Miller.
The Big Read Crypto Venture Capital
Jack Dorsey, Marc Andreessen and the Makings of a Crypto Holy War
By Joel Stein
People in Silicon Valley fight about money constantly. They squabble about startup valuations, executive compensation, pro rata rights and who does and does not have three commas in their bank account.
Fast HQ in San Francisco. Photo by Fast.
Exclusive Venture Capital Startups
Stripe-Backed Fast Puts Job Cuts on the Table as It Tries to Raise Money
By Malique Morris and Kate Clark
Domm Holland, CEO of one-click checkout startup Fast, is telling potential new investors that the company plans to cut hundreds of jobs, a person with direct knowledge of the matter told The Information.
Netflix co-CEO Reed Hastings. Photo by Bloomberg.
Exclusive
Netflix Tells Employees to Be More Careful About Spending, Hiring
By Jessica Toonkel
Netflix is tightening its belt. In two separate meetings over the past few weeks, Netflix executives cautioned employees to be more mindful about spending and hiring, according to three people familiar with the discussions.
Lachy Groom. Photo by Getty Images.
Exclusive Venture Capital Startups
Solo Venture Capitalists Go Big
By Kate Clark
Solo venture capitalists, a growing breed of individual tech investors who compete with traditional Silicon Valley venture capital firms, are raising bigger funds, writing larger checks and beefing up staff even as worsening macroeconomic conditions push down startup valuations and force cost cutting.
Cookies on The Information
We use cookies for a number of reasons, such as keeping The Information reliable and secure, personalizing content and ads, providing social media features and to analyze how our sites are used.