Bench raises $72.5M and relaunches product offering

The fintech will now offer banking, cards, payroll and other services in a bid to provide complete, centralized services for SMBs.

Bench CEO Ian Crosby

Bench, a Vancouver-based fintech and online bookkeeping service for small business, announced that it raised $72.5 million ($60 million USD) in Series C financing led by Contour Venture Partners, with support from Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify.

Why it matters: As part of the …