Bento for Business has released its new mobile app. The solution makes it easier for employees to review their business’s debit-card balances, tag and annotate expenses for simpler reporting and reconciliation, as well as attach receipts to individual transactions using the smartphone’s camera. Optimized for use with smartphone rather than tablets, the Bento mobile app is available for free on both iOS and Android.
“Employees rejoice! Bento’s mobile app is here,” Bento for Business wrote in tweeting the news this afternoon. “Check balances on-the-go. Smart #expense #management is here.”
Bento for Business specializes in providing solutions to help small business owners better manage expenses. With its Bento Prepaid MasterCard, the company offers employers a way to empower their employees to make necessary, work-related purchases while ensuring employers have maximum spending visibility and control. Bento also provides businesses with an analytic dashboard that provides a wholistic view of spending, as well as per-card information as to transaction type, location, employee, etc. “We want to work with banks, with service providers,” Bento for Business CEO Farhan Ahmad said during his Finovate demonstration in the spring of 2015, “to curate and build beautiful, simple—and most of all, useful—products that are built just for small businesses.”
Founded in 2014, the San Francisco-based company demonstrated its technology at FinovateSpring 2016. Bento for Business picked up a $7 million investment in a Series A round led by Comcast Ventures and featuring the participation of Anthemis Group, Blumberg Capita, and Lionbird. Individual investor Dan Henry, former NetSpend CEO, also participated. Read more about Bento for Business in our Finovate Debuts feature.