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. 

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2012
Size (employees)
235 (est)+8%
Website
bench.co
Bench was founded in 2012 and is headquartered in London, GB

Key People/Management at Bench

Ian Crosby

Ian Crosby

Co-Founder & CEO
Pavel Rodionov

Pavel Rodionov

Co-Founder & CTO
Trevor Orsztynowicz

Trevor Orsztynowicz

VP, Engineering
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, Sales & Operations
Bonnie Powell

Bonnie Powell

Director, People
Brittany Tinline

Brittany Tinline

Director, Service Operations
Chris Berry

Chris Berry

Director, Strategy
Geordie Henderson

Geordie Henderson

SVP, Engineering & Product Operations
Joshua Berkowitz

Joshua Berkowitz

Director, Product Strategy
Scott Edison

Scott Edison

VP, Business Development
Victor Tang

Victor Tang

Director, Marketing
Dave Shea

Dave Shea

Director, Product Design
Emily Key

Emily Key

VP, Operations

Bench Office Locations

Bench has offices in London, New York and North Vancouver
North Vancouver, CA
Vancouver, BC
New York, US
900 Broadway
Show all (3)

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 £45.7 m in FY, 2016 which is a 34% decrease from the previous period.
GBP

Revenue (FY, 2016)

45.7 m

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

(34%)

Gross profit (FY, 2016)

19.2 m

Gross profit margin (FY, 2016), %

42%

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

Revenue

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

Revenue growth, %

(11%)(24%)(34%)

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)
    Y, 2016

    Financial Leverage

    8.1 x
    Show all financial metrics

    Bench's Web-traffic and Trends

    Bench Online and Social Media Presence

    Bench Company Life and Culture

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