The acquisition by Employer.com is expected to provide continuity for Bench’s clientele. Credit: TippaPatt/Shutterstock.

Employer.com, a provider of workforce management and business solutions, has acquired Canadian accounting startup Bench Accounting for an undisclosed sum.

Bench Accounting is engaged in providing bookkeeping services for small enterprises.

The acquisition forms part of Employer.com’s efforts to broaden its service offerings for small business owners.
It comes in the wake of Bench Accounting’s sudden shutdown as on 27 December 2024, leaving small and medium-sized businesses in need of reliable financial management solutions.

A notice on Bench’s website read: “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible.

“We know this news is abrupt and may cause disruption, so we’re committed to helping Bench customers navigate through the transition.”

Furthermore, in its closure notice, the company recommended customers to contact accounting software provider Kick for support with their bookkeeping services.

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The acquisition by Employer.com is expected to provide continuity for Bench’s clientele.

Employer.com CEO Jesse Tinsley said: “While the challenges Bench recently faced were unexpected, we recognised an extraordinary opportunity to integrate their capabilities into our own suite of solutions.

“By combining forces, we can create even more value for Bench’s loyal customers while extending the reach and impact of Employer.com’s offerings.”

Bench, an accounting startup known for its software-as-a-service (SaaS) model, catered to the needs of small and medium-sized businesses before its abrupt closure. The company had secured $113m in investor funding before its closure.

Its acquisition paves the way for future advancements and capabilities supported by Employer.com’s resources.