Bench Accounting, a prominent Vancouver-based fintech startup offering bookkeeping services, abruptly announced its shutdown on December 29, 2024, leaving customers and employees in turmoil. Within days, it was revealed that the company would be acquired by Employer.com, a San Francisco-based workforce management platform, promising continuity for existing Bench users. The unexpected closure has drawn backlash from customers alleging mismanagement and financial losses, while the acquisition highlights ongoing challenges and consolidation in the fintech sector.
Bench Accounting to be Acquired by Employer.com Following Abrupt Shutdown
