This post is part of our live coverage of FinovateSpring 2015.
Bento‘s platform enables small businesses to take control of their expenses.
Bento’s first offering, the Bento MasterCard, is a prepaid commercial card solution built just for small businesses. Business owners can set rules by employee, amount, time and category before anyone can spend a dime. Bento cards bear the employee’s name and can be enabled and disabled in a second with just one click. Real-time dashboards enable business owners to see everything in one place and quickly track expenses by place, employee, project, category and more. Bento makes spend management and bookkeeping painless.
Presenters: Farhan Ahmad, CEO and founder, and Sean Anderson, chief product officer and founder
Product Launch: March 2015
Metrics: Raised a seed round of $2.5 million from VCs and private investors; 8 employees and growing
Product distribution strategy: direct to business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: San Francisco, California
Founded: January 2014
Website: bentoforbusiness.com
Twitter: @bentoforbiz