Exclusive: Fintech startup Cushion shuts down after 8 years and over $20 million in funding

Exclusive: Fintech startup Cushion shuts down after 8 years and over $20 million in funding

Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani

Fintech Cushion shuts down, cites scaling challenges

The company's software automatically monitored and negotiated bank fees on customers' behalf, with recent expansions into buy now/pay later bill management.

Fintech startup Cushion shuts down after 8 years and over $20 million in funding - WeirdReads

Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul Kesserwani posted on LinkedIn about the decision to wind down the company at the end of 2024. In the post, Kesserwani said that “despite bringing multiple new fintech products to market,” Cushion “didn’t reach the scale needed to sustain the business.” Founded in late 2016, San Francisco-based Cushion ha…