US-based expense management solution provider Bento for Business has onboarded new partners and expanded its product line, reports Tanya Andreasyan of Banking Technology (Finovate’s sister publication).
Bento now offers debit and virtual cards for companies and their employees. Its banking solutions are now supported by The Bancorp Bank and CFSB as well as processors Marketa and 12C, the company said, “making it the most robust solution of its kind”.
It has also forged co-branded partnerships with The Brink’s Company and Fleetcor to offer its solution to their small business customers.
Furthermore, Bento has opened its APIs “to simplify how companies work with their clients and customers”.
“We are building a modern banking platform for small businesses that brings everything under one umbrella,” said Farhan Ahmad, CEO of Bento (pictured). “Our approach is unique in this industry because we see value in the platform, rather than a single stand-alone product. By offering multiple products on the same platform and allowing our customers to use our APIs to develop better, more useful, and customisable experiences, we can fully address all of their pain points.
“Soon any business owner will be able to curate and access the financial products, services, and integrations they need through Bento.”
According to Bento, applicants for its services get approved online in real-time.
Founded in 2014 and headquartered in San Francisco, Bento for Business demonstrated its platform at FinovateSpring 2015. Last month, the company appointed Jeff Pomeroy as Vice President of Product, and earlier this year, Bento added Lou Friedmann as Chief Revenue Officer. The company has raised more than $9 million in funding, and includes Comcast Ventures and Anthemis Group among its investors.