Payments giant Stripe is leading an investment in a smaller online checkout company, Fast.
San Francisco-based Fast announced a $102 million funding round on Tuesday, just a few months after launching its first checkout product. The Series B was led by Stripe and Addition, with participation from Index Ventures and other existing investors.
Fast lets shoppers log into websites and check out, without having to enter information more than once. It also allows users to purchase items without going into a shopping cart, which CEO Domm Holland likened to Amazon’s one-click checkout. He described the two-year-old company as an “identity network” rather than a payments play.CNBC