Vancouver-Based Bench Accounting Acquired by Employer.com After Abrupt Shutdown

The HR tech company plans to revive the bookkeeping platform and retain its existing services following Bench's sudden closure last week.

Bench Accounting, a Vancouver-based bookkeeping startup, announced its sudden closure on December 27, leaving customers locked out of accounts and employees laid off.
Employer.com, a San Francisco-based HR tech company, has acquired Bench in a last-minute deal to ensure continuity for its customers and employees.
Bench customers will have the option to retain their services under new ownership or transfer their data, with Employer.com promising a seamless transition.
The acquisition comes after Bench, which raised over $100 million in funding and employed over 600 people, faced backlash for its abrupt shutdown during a critical time for tax preparation.
Employer.com, which recently consolidated its HR-related brands, is working to reinstate Bench employees and maintain the platform's bookkeeping services.