Behalf Fintech mysteriously closes in early 2023

Industry Information 19 Dec 2023 03:40:34 PM By:DN editor
Abstract:

According to reports from foreign media, a company named Behalf, with its domain Behalf.com, mysteriously closed down in early 2023. Behalf was a company that provided on-demand business financing, allowing small businesses to access funds.

According to reports from foreign media, a company named Behalf, with the domain Behalf.com, mysteriously shut down in early 2023. Currently, the page displays a message: "behalf.com is coming soon."

However, the issues date back a year ago, as the company's social media accounts, such as Facebook and Twitter, were last updated in March 2022.

Behalf Fintech mysteriously closes in early 2023

Behalf was a company that provided "on-demand" business financing, allowing small businesses to access funds. When everything came to a halt, many complained about the lack of transparency and support.

Here are some user cases from Facebook:

User A: Interestingly, when I logged into my account, it said I could no longer use my account. I've been working with Behalf for 4 or 5 years. I haven't received any emails or calls discussing any issues. It's highly inappropriate for a company to stop doing business with you without contacting or discussing their actions with you.

Behalf Fintech mysteriously closes in early 2023

User B: The email care@behalf.com is no longer working. We also can't access our account. We heard you are shutting down. Really would appreciate an honest reply. Your phone goes to voicemail, and your customer service link is no longer working. Some explanation is necessary.

User C: I don't know why they say to email or DM when I emailed them, and they sent a message saying they no longer offer the product.

User D: Behalf raised millions in 9 funding rounds and had a valuation between 500 million to 1 billion dollars as of July 28, 2021. Then things took a nosedive, apparently due to changes in the financial markets.

In summary, the domain Behalf.com was not renewed, expired, and eventually got deleted. It was caught by DropCatch and is currently up for auction; the current auction price is $6,916 with 2 days remaining.

Behalf Fintech mysteriously closes in early 2023

Behalf.com was initially registered in 1998 and seemed to have been acquired from its previous registrant in late 2014. WHOIS information shows the domain was re-registered on December 14, 2023.

December 17, 2023: The auction for Behalf.com closed at a price of $34,500. The winner is the DropCatch account "dropper," securing a generic .com domain with a less impressive history and a recent registration date.

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Behalf Fintech mysteriously closes in early 2023