Vancouver’s Bench Accounting, North America’s largest small business bookkeeping service, has abruptly shut down, leaving thousands without support before tax season. The company announced its closure via a “Notice of Service Closure” on its website, confirming operations ended December 27, 2024.
Social media accounts have been deactivated, and reports indicate widespread layoffs. Founded in 2012, Bench served over 11,000 clients and had raised over $100 million from investors, including Shopify. Former CEO Ian Crosby suggested the closure serves as a cautionary tale for venture capitalists. Customers and employees face uncertainty as the fintech giant’s sudden collapse reverberates.
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