The Stripe-backed rapid checkout tool developer was valued at $1bn early last year but is closing its doors after failing to raise more cash.
US-based online checkout system developer Fast revealed on Tuesday it is shutting down just over a year after raising over $100m from investors including digital payment technology provider Stripe.
Founded in 2019, Fast is the creator of a frictionless checkout system which allowed users to pay for items with one click across a range of websites and apps. However, its burn rate was reportedly extremely quick, and the news came days after it revealed its 2021 revenue only came to…
