Shock as Vancouver's Bench Accounting Closes Doors, Leaving 11,000 Small Businesses Adrift
Bench Accounting, a prominent Vancouver-based bookkeeping service, has abruptly closed, affecting about 11,000 small businesses. Without citing specific reasons beyond calling it a 'difficult decision,' this move has left clients scrambling for alternatives and sparked discussions about venture capital's role in company strategies. Founded in 2012 and having raised over $100 million, the firm's sudden shutdown raises questions about the stability of Canadian fintech companies amid economic downturns.
Dec 28