Stripe leads $20m Series A into ecommerce checkout service Fast
Stripe, the payments company founded by brothers Patrick and John Collison, has led a $20 million funding round for Fast, a San Francisco-headquartered online login and checkout solutions provider.
Prior investors Index Ventures and Susa Ventures took part in the round. Susa previously participated in the company’s late-2019 round that Index led.
The new capital follows Fast’s November seed round.
Jumping from a $2.5 million raise to a $20 million investment in a few months is quite fast.
The company intends to use the funds to accelerate the global roll-out of Fast Checkout, its universal one-click purchase product for ecommerce, and to further grow its product and engineering teams.
Fast Login and Fast Checkout enables a one-click sign-in and purchasing experience that makes it easier for people to buy and merchants to sell. The products work on any browser, device or platform to deliver a consistent, stress-free purchasing experience.
Fast Checkout will launch in the coming weeks and complement Fast Login, Fast’s free-to-use one-click login tool.
The company was founded by Domm Holland, a serial entrepreneur, and Allison Barr Allen, best known for her time at Uber. Holland is the company’s CEO while Barr Allen has taken on Fast’s COO role.