60 points

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?

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41 points

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.

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57 points

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

That sentence also shut down apruptly. How fitting.

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4 points

? Here’s the rest, not sure why you’re not seeing it:

notice posted on its website.

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3 points

Maybe it is a client thing, but I saw this especially fitting.

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26 points

AsSaaSination.

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15 points

No backups as usual: https://www.worldbackupday.com/

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10 points

Very odd for that to happen so abruptly. I’m sure the juicy details will come out sooner or later…

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4 points

Especially days before the year is over, which is probably the worst time for it to happen.

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1 point

Announcing an impending bankruptcy has the potential to hasten it or, in some cases, cause it. Employees and customers are usually kept in the dark while management and investors know.

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