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The US just added Tencent β€” which backs US startups β€” to its list of β€˜Chinese military’ companies

While the Chinese internet giant Tencent is best known for its super app WeChat, it’s also a major investor in U.S. tech companies and startups. Some of its most notable and still active investments include Reddit, Snap, and Fortnite creator Epic Games. Things might get a little awkward, though, because Tencent was designated a β€œChinese […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Bench to be acquired after abruptly shutting down

Bench, the VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down last week, will be acquired by Employer.com for an undisclosed price in a last-minute deal, TechCrunch has exclusively learned. The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench, […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

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 notice posted on its website.Β Β  β€œWe regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. β€œWe know this news is abrupt and may […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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