Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a
The notice recommends customers migrate to Kick, a new accounting startup that announced its $9 million seed raise in October 2024 in a round led by OpenAI and General Catalyst. Kick’s CEO and founder, Conrad Wadowski, posted a message on LinkedIn to former Bench users about how Kick is “working to get your financials back in your hands.”
This is weird. How did “Kick” have access to Bench’s customer list? Is there some relationship between these companies?
Yes, very likely the VCs for both are the same and Bench was sunk because kick has “AI” and you can make serious money on it as it just landed, meaning when the vcs drop off, the cash in will be orders of magnitude greater than with bench, that had already established itself and stopped growing.
This is weird. How did “Kick” have access to Bench’s customer list? Is there some relationship between these companies?
Yes, very likely the VCs for both are the same and Bench was sunk because kick has “AI” and you can make serious money on it as it just landed, meaning when the vcs drop off, the cash in will be orders of magnitude greater than with bench, that had already established itself and stopped growing.