Password management and online checkout have always been pain points for online shoppers. Fast, a one-click login and checkout startup, is looking to solve that problem. And it just raised a $20 million Series A led by the $36 billion fintech giant Stripe.
"The issue that we're actually solving is that there's basically a missing layer of the internet, which is the identity layer," Domm Holland, co-founder and CEO of Fast, told Business Insider.
Fast integrates with online merchants to offer customers the ability to log in and checkout with one click.
The first time a consumer sees the Fast checkout button, they can sign up for free. After that, they can check out with one click everywhere they see the Fast button. So to grow its user base, Fast will look to integrate with as many online merchants as possible, from e-commerce retailers to online media companies.
While Fast's one-click password product is already live, with this latest fundraise, it will now roll out one-click payments and checkout features.
"Much of our growth over the next 12 months is basically putting the button on as many websites as possible," said Holland.
Part of that growth will come through its partnership with Stripe, as starting next month, all of Stripe's merchants will be able to integrate Fast into their checkouts. Long-term, the startup will look to build more online shopping products for consumers, like order tracking and returns management across different online stores, Holland said.
To be sure, Fast isn't the only one looking to solve this problem. PayPal, for one, offers a one-click checkout product, and credit card issuers like Visa and Mastercard have partnered up on a one-click checkout, too.
But Holland says that a key differentiator for Fast is its platform-agnostic approach. Apple Pay, which also integrates into merchant check-out windows, is Fast's biggest competitor, Holland said. But its checkout product can only be used by iPhone users and when shopping online, only on Apple's Safari browser.
Fast's Series A, which closed at the end of March, comes at a time where venture investors are shying away from early-stage companies, focusing much of their capital on existing investments.
But founders could take this opportunity to meet with as many people as possible, albeit virtually, realizing that relationships may take longer to build, Holland said.
For founders looking to raise, keeping potential investors in the loop is also key.
"You want to be lines, not dots, and you want to show traction," said Holland. "The first thing I always say to anyone who's going to be fundraising is start putting out investor updates and send them to everyone who you would want to have in the round."
And while it's easy to try and answer all possible questions in a pitch deck, Holland instead advises to keep it light on text.
"You should be structuring a pitch deck in a way that you actually know what question they're going to ask you because it's missing a bit of information that you expect that they will want," Holland said.
Not only will this keep investors engaged, it will also demonstrate the founders' ability to articulate the pitch and answer questions live, Holland added.
Stripe's funding comes just months after Fast's November seed round, which was led by Index Ventures with participation from Global Founders Capital and Kleiner Perkins.
Here's the 15-slide pitch deck it used to raise its Series A.
Read the original here:
One-click checkout startup Fast used this pitch deck to nab $20 million from investors like fintech giant Stripe. Here's a look at its vision for...
- Marvel Snap: War Machine Best Decks and Synergies - Mobalytics - March 31st, 2024 [March 31st, 2024]
- Steam Deck Weekly: Pepper Grinder and Missile Dancer 2 Impressions, FFXIV Dawntrail Release Date, New Strive ... - Touch Arcade - March 31st, 2024 [March 31st, 2024]
- The 30 best Steam Deck games - Rock Paper Shotgun - March 31st, 2024 [March 31st, 2024]
- View from the Hill: Albanese hit by unexpected wave as he tries to clear the decks - The Conversation - March 31st, 2024 [March 31st, 2024]
- Fanatical's New Steam Deck Bundle Is Full Of Cyberpunk Therapy And Kingdom Management Games - GameSpot - March 31st, 2024 [March 31st, 2024]
- New Business: Martingale Wharf Restaurant to expand waterfront deck; T-BONES in Derry to get facelift - The Union Leader - March 31st, 2024 [March 31st, 2024]
- 'Below Deck' star Captain Kerry admits Ben Willoughby wasn't his first pick for bosun - Entertainment Weekly News - March 31st, 2024 [March 31st, 2024]
- Magic: The Gathering reveals deck archetypes for Outlaws of Thunder Junction Commander decks - Sportskeeda - March 31st, 2024 [March 31st, 2024]
- Banged-up Heat have 'all hands on deck' - South Florida Sun Sentinel - March 31st, 2024 [March 31st, 2024]
- 'Below Deck': 'Real Housewives of New York City' Star Jill Zarin Shakes Things Up on the Boat - Entertainment Tonight - March 31st, 2024 [March 31st, 2024]
- Fraser Olender Reacts to Cat Baugh Leaving Below Deck: "I Can't Take on Another Job" - Bravo - March 31st, 2024 [March 31st, 2024]
- Becky Lynch Brawls With Rhea Ripley On WWE Raw, Decks Dominik Mysterio - 411mania.com - March 31st, 2024 [March 31st, 2024]
- Ben Willoughby Might Be Fired In Below Deck Season 11, According To Captain Kerry - Screen Rant - March 31st, 2024 [March 31st, 2024]
- RHONY's Jill Zarin Is One Demanding Charter Guest in Below Deck Midseason Trailer: 'Make It Better' - PEOPLE - March 31st, 2024 [March 31st, 2024]
- Outlaws Of Thunder Junction Debut Story, Mechanics, Commander Decks Revealed - TheGamer - March 31st, 2024 [March 31st, 2024]
- Get a Glimpse at the Stew Replacing Cat Baugh in the Below Deck Midseason Trailer: "I'm in Trouble" - Bravo - March 31st, 2024 [March 31st, 2024]
- Below Deck Season 12: Latest News & Everything We Know - Screen Rant - March 31st, 2024 [March 31st, 2024]
- Posh and decks! David Beckham upgrades 5million yacht for a 16MILLION version as former England ace sets sail ... - Daily Mail - March 31st, 2024 [March 31st, 2024]
- Student start-up decks up colleague's wedding venue with water-hyacinth-based creations | Onmanorama - Onmanorama - March 31st, 2024 [March 31st, 2024]
- Xandi Oliver Is a Star on Below Deck Season 11- Here's Why - Yahoo Entertainment - March 31st, 2024 [March 31st, 2024]
- The Best Singles In The MTG Fallout Science! Commander Deck - TheGamer - March 5th, 2024 [March 5th, 2024]
- The Best Queen's Blood Deck In Final Fantasy VII Rebirth - Game Informer - March 5th, 2024 [March 5th, 2024]
- Magic: The Gathering The 10 Best Cards In Fallout's Mutant Menace Commander Deck - TheGamer - March 5th, 2024 [March 5th, 2024]
- Fallout Visual Spoiler: Every Card Revealed MTG - TheGamer - March 5th, 2024 [March 5th, 2024]
- Game over for Roblox on Linux / Steam Deck as it's now blocked - GamingOnLinux - March 5th, 2024 [March 5th, 2024]
- Magic: The Gathering Unveils Assassin's Creed Collaboration: New Cards, Decks Revealed - BNN Breaking - March 5th, 2024 [March 5th, 2024]
- Remote Play broken on Steam Deck with the February stable update - GamingOnLinux - March 5th, 2024 [March 5th, 2024]
- Below Deck's Barbie Thinks Cat Shouldn't Have Signed Up for the Show - Us Weekly - March 5th, 2024 [March 5th, 2024]
- Magic: The Gathering The 10 Best Cards In Fallout's Hail, Caesar Commander Deck - TheGamer - March 5th, 2024 [March 5th, 2024]
- Below Deck: 8 Chief Stews Who Will Never Return To The Franchise - Screen Rant - March 5th, 2024 [March 5th, 2024]
- The MAGIC: THE GATHERING Oracle Deck Will Help Shape Your Path - Nerdist - March 5th, 2024 [March 5th, 2024]
- Valve fixes Remote Play on Steam Deck - GamingOnLinux - March 5th, 2024 [March 5th, 2024]
- Here's the most played Steam Deck games for February 2024 - GamingOnLinux - March 5th, 2024 [March 5th, 2024]
- Best Steam Deck alternatives in 2024: Ayaneo, GPD Win & more - Dexerto - March 5th, 2024 [March 5th, 2024]
- Outlaws of Thunder Junction: Release Date, Spoilers, Commander Decks - MTG Rocks - March 5th, 2024 [March 5th, 2024]
- Helldivers 2 Player Shares Their Incredible Solution for Calling in Complicated Stratagems - Screen Rant - March 5th, 2024 [March 5th, 2024]
- Below Deck fans convinced Cat Baugh is not cut out for reality TV - Dexerto - March 5th, 2024 [March 5th, 2024]
- Magic: The Gathering The 10 Best Cards In Fallout's Scrappy Survivors Commander Deck - TheGamer - March 5th, 2024 [March 5th, 2024]
- February 27th, 2024 [Deck Recipes] - YGOrganization - March 5th, 2024 [March 5th, 2024]
- Everything Jack Stirrup Has Done Since Below Deck Mediterranean - Bravo - March 5th, 2024 [March 5th, 2024]
- Star Trek: Lower Decks S4, Scream sets The Faculty for 4K, plus Origin, Dreamers, potential Warner Ultra HD catalog ... - The Digital Bits - February 7th, 2024 [February 7th, 2024]
- How To Watch Below Deck Season 11 & When It Premieres - Screen Rant - February 7th, 2024 [February 7th, 2024]
- Paramount Bowing Animated 'Star Trek: Lower Decks' Season 4 on Digital Feb. 5, Blu-ray and DVD April 16 - Media Play News - February 7th, 2024 [February 7th, 2024]
- What Has Happened to Connie Arias Since Below Deck Season 3? - Bravo - February 7th, 2024 [February 7th, 2024]
- How to Run 'Enshrouded' on Steam Deck - Lifehacker - February 7th, 2024 [February 7th, 2024]
- Below Deck is Bravo's most subversive show - reality blurred - February 7th, 2024 [February 7th, 2024]
- Below Deck Season 9 Cast: Where Are They Now? - Screen Rant - February 7th, 2024 [February 7th, 2024]
- A Look At The Intrinsic Value Of Deckers Outdoor Corporation (NYSE:DECK) - Yahoo Finance - February 7th, 2024 [February 7th, 2024]
- How to watch 'Below Deck' Season 11: Premiere time, new cast info, where to stream and more - Yahoo Entertainment - February 7th, 2024 [February 7th, 2024]
- Steam Deck open source Playstation Remote Play app 'chiaki4deck' gets smoother - GamingOnLinux - February 7th, 2024 [February 7th, 2024]
- Steam Deck Most Played: Even Palworld Cant Knock Baldurs Gate 3 Off The Top Spot - Forbes - February 7th, 2024 [February 7th, 2024]
- 11 Things You Didnt Know About Below Deck's Captain Kerry Titheradge - Bravo - February 7th, 2024 [February 7th, 2024]
- San Diego Mom Creates 'Go Deck' -- 52 Cards with Outdoor Activities for Every Week of the Year - Times of San Diego - February 7th, 2024 [February 7th, 2024]
- How To Build A Fire Kings Structure Deck In Yu-Gi-Oh! - TheGamer - February 7th, 2024 [February 7th, 2024]
- 'Below Deck' Season 11 Release Date, Trailer, Cast, and Everything We Know So Far - Collider - February 7th, 2024 [February 7th, 2024]
- Magic: The Gathering The 10 Best Cards In Murders At Karlov Manor's Revenant Recon Commander Deck - TheGamer - February 7th, 2024 [February 7th, 2024]
- Improve Performance on Your Steam Deck With CryoUtilities - Lifehacker - February 7th, 2024 [February 7th, 2024]
- 'Below Deck' Season 11 Cast Guide: Who Is Back on Board? - Collider - February 7th, 2024 [February 7th, 2024]
- Airliner Number 4: The 9 Deck Plane Concept From The 1920s - Simple Flying - February 7th, 2024 [February 7th, 2024]
- Where was Below Deck Season 11 filmed? - Dexerto - February 7th, 2024 [February 7th, 2024]
- Cape Hatteras Secondary School decks the halls with Christmas tree project - Island Free Press - December 11th, 2023 [December 11th, 2023]
- 'Star Trek: Picard,' 'Strange New Worlds' And 'Lower Decks' Pick Up 15 Saturn Awards Nominations - TrekMovie - December 11th, 2023 [December 11th, 2023]
- Win a Steam Deck OLED by watching The Game Awards - Polygon - December 11th, 2023 [December 11th, 2023]
- McKinney moves forward with deck park plans - The Dallas Morning News - December 11th, 2023 [December 11th, 2023]
- 9 Best Tarot Card Decks For Beginners, According to Expert Readers - GLAMOUR UK - December 11th, 2023 [December 11th, 2023]
- Valve will give away 100 Steam Deck OLEDs during The Game Awards. - The Verge - December 11th, 2023 [December 11th, 2023]
- Steam Deck OLED hits retail stores on December 12th in Asia - GamingOnLinux - December 11th, 2023 [December 11th, 2023]
- Below Deck Mediterranean: Luka Brunton Wasn't Ready For The Bosun Role (Is Captain Sandy Regretting Her ... - Screen Rant - December 11th, 2023 [December 11th, 2023]
- Devin Haney vs Regis Prograis live results: Haney decks and dominates Prograis to shutout decision in boxing ... - Sporting News - December 11th, 2023 [December 11th, 2023]
- 100 Steam Deck OLEDs will be given away during The Game Awards 2023 - GamingOnLinux - December 11th, 2023 [December 11th, 2023]
- You can win a free Steam Deck OLED just by watching The Game Awards - PCGamesN - December 11th, 2023 [December 11th, 2023]
- The Best Cards In The Three Captains Ultra Deck - One Piece Card Game - TheGamer - December 11th, 2023 [December 11th, 2023]
- Solar Spotlight: Solar mounting hits the deck - Solar Power World - December 11th, 2023 [December 11th, 2023]
- 'Deck the Halls' Meets Black Sabbath's 'War Pigs' - Laughing Squid - December 11th, 2023 [December 11th, 2023]
- Minden farmer decks out five acres for Christmas in the Country - KOLN - December 11th, 2023 [December 11th, 2023]
- December 8th, 2023 [Deck Recipes] - YGOrganization - December 11th, 2023 [December 11th, 2023]
- Can you play The Finals on Steam Deck? - Dexerto - December 11th, 2023 [December 11th, 2023]
- The Performance & Power Improvement Of Steam Deck OLED's 6nm APU Review - Phoronix - December 11th, 2023 [December 11th, 2023]
- Paige Spiranac Decks The Halls As The World's Sexiest Mrs. Claus - Outkick - December 11th, 2023 [December 11th, 2023]
- Skyrim Special Edition updated with Steam Deck support, ultrawide res, bug fixes - GamingOnLinux - December 11th, 2023 [December 11th, 2023]