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…

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