![]() Bench Core includes a free business bank account and debit card - in partnership with LendingClub and Stripe - for customers in need of a banking solution, while Bench Flex is tailored to support those with existing bank accounts and service providers. In line with the company’s mission to make a profound difference in the quality of life of one million people, Bench’s new product will offer a robust financial toolkit to small business owners across the United States. ![]() “Their model of building software that is easy to use and combining it with high levels of service is exactly what SMBs need to be successful." "Bench is the perfect accounting partner for our SMB customers,” said Lexi Reese, COO at Gusto. “We’re so excited to collaborate with Bench to build a better financial future for small businesses across the US and empower business owners with the financial tools they need to succeed.” "The Bench+Freshbooks experience is so powerful for our customers, that when we attach Bench to a customer, we observe churn decrease by 80%," said Mark Girvan, Chief Commercial Officer of Freshbooks. “That's why we're thrilled to participate in Bench's recent round of funding, which will help them provide professional bookkeeping to even more entrepreneurs so that they can focus on growing and serving their customers.” “At Shopify, we're always looking for ways to make it easier for entrepreneurs to start and run their businesses,” said Bram Sugarman, Director of Corporate Development and Strategic Initiatives with Shopify. And increasingly, we’re working with other globally leading companies to make this a reality.” We let them do that, by getting their finances under control and out of the way. “Entrepreneurs need to focus on their business and their dream. We’ve re-imagined Bench from the ground up to do that, and our new funding will allow us to continue reinforcing our product and service vision,” said Ian Crosby, the CEO and co-founder of Bench. “We’re here to make a profound difference in the quality of life of one million business owners. Customers can now spend on their Bench cards and see real-time updates to their profitability and cashflow, which flow into the customer’s accounting and end-of-year tax filings. Launching today, Bench now offers a first-of-its-kind integrated offering that includes banking, cards, payroll, full-service bookkeeping, taxes, and advice in a single streamlined software and service offering for small businesses. ![]() The fundraise coincides with a major relaunch of Bench’s product offering. The raise more than doubles Bench’s total funding to over $100M, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. VANCOUVER, British Columbia-( BUSINESS WIRE)-Bench, America’s largest bookkeeping service for small businesses, announced today that it raised $60 million USD in Series C financing led by Contour Venture Partners. ![]()
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