By Joshua Bote : sfgate – excerpt
A hotly tipped San Francisco-based startup that snagged a major funding round in 2021 has abruptly shut down just days after it was revealed that the company only generated $600,000 in revenue that same year.
Fast, a financial technology startup with an emphasis on one-click payments, announced its closure Tuesday morning on Twitter, shortly after tech publication The Information broke the news Tuesday.
“After making great strides on our mission of making buying and selling frictionless for everyone, we have made the difficult decision to close our doors,” Domm Holland, the company’s CEO and co-founder, wrote in a statement. …(more)