Bench is a fintech company that automates accounting tasks to organize the financials of small businesses. The Company is an online bookkeeping service providing small businesses, independent contractors and entrepreneurs with professional bookkeeping services, allowing to monitor business’ financial health, download financial statements and chat with the bookkeeping team any time via the Bench app. 

London, GB
Size (employees)
235 (est)+8%
Bench was founded in 2012 and is headquartered in London, GB
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Key People/Management at Bench

Ian Crosby

Ian Crosby

Co-Founder & CEO
Craig Ryomoto

Craig Ryomoto

Chief Revenue Officer
Lindsay Rutledge

Lindsay Rutledge

VP, Product & Strategy
Rehan Mohammad

Rehan Mohammad

VP, Finance
Louisa Thue

Louisa Thue

Senior Director, Engineering - Data & Analytics
Mike Daley

Mike Daley

SVP, Operations
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Bench Office Locations

Bench has offices in New York, North Vancouver and London
North Vancouver, CA
Vancouver, BC
New York, US
900 Broadway
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Bench Financials and Metrics

Summary Metrics

Bench's latest funding round in January 2018 was reported to be $18 m. In total, Bench has raised $32.9 m

Bench Financials

Bench's revenue was reported to be £45.68 m in FY, 2016 which is a 34.3% decrease from the previous period.

Revenue (FY, 2016)

45.7 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

19.2 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(2.5 m)

EBITDA (FY, 2016)

(551 k)

EBIT (FY, 2016)

(1.8 m)

Cash (25-Jun-2016)

5 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


79.8 m84.2 m109 m120.6 m146.9 m125.3 m103.5 m92 m69.6 m45.7 m

Revenue growth, %


Cost of goods sold

39.6 m39.2 m52.4 m52.4 m71.2 m69 m51.3 m47.7 m35.4 m26.5 m

Gross profit

40.1 m45 m56.7 m68.2 m75.7 m56.3 m52.2 m44.3 m34.2 m19.2 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16 m12.4 m12.1 m15.3 m18.3 m1.3 m12.7 m3.9 m(4.7 m)(2.5 m)

Dividends Paid

10 m16 m17 m15 m15 m16 m14 m

Income Taxes Paid

(720 k)(908 k)(167 k)
GBPY, 2016

Financial Leverage

8.1 x
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