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March 27, 2020Blog Posts

Stripe leads $20M Series A into Fast, which is building a universal checkout service for e-commerce

TechCrunch

Fast, a startup building platform-agnostic login and checkout services, announced that Stripe has led a $20 million investment into its business. 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.

Coming in late March, the new capital is a quick-follow to Fast’s November seed round. Such a rapid-fire deal would have felt right at home in mid-2019; to see two consecutive rounds in less than a half-year in 2020, in contrast, feels aggressive, though that’s more a testament to how the market has changed than Fast’s ability to attract capital.

Fast 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.

Fast, per its name, wants to make logging in far quicker, and also wants to help you check out at online stores more simply, and, as before, rapidly. CEO Domm Holland said that Fast wants “to be the intermediary for all consumer interactions,” which he broke down as a “fancy way of saying we want to give you one-click login, one-click payments, one-click data everywhere.”

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