Fast, a San Francisco, CA-based provider of online login and checkout experience solutions, raised $102m in Series B funding.
The round, which brings total funding to $124m, following its $20m Series A raised in March 2020 and a $2.5m pre-seed round from October 2019, was led by Addition and Stripe, with participation from existing investors Index Ventures, Susa Ventures, Sugar Capital and Jaren Glover.
The company intends to use the funds to double down on product expansion, reaching even more sellers through new use cases such as subscriptions and one-click online media purchases, move into more markets outside of the United States, and hire talent.
Led by CEO and Co-Founder Domm Holland, Fast provides the Fast Login and Fast Checkout products, which enable a one-click sign-in and purchasing experience that makes it easier for people to buy and merchants to sell. The company’s products work on any browser, device or platform for consistent, stress-free purchasing.
After the launch of its flagship Fast Checkout product in September 2020, Fast is now available to millions of WooCommerce and BigCommerce sellers, with plans to expand to numerous e-commerce platforms and major online retailers in the coming months.