Bento for Business, a San Francisco CA-based provider of employee expense management solutions for small businesses, raised $7m in Series A funding.
The round was led by Comcast Ventures with participation from existing investors Anthemis Group, Blumberg Capital and LionBird. In conjunction with the financing, Dave Zilberman, managing director of Comcast Ventures, will join Bento’s board.
The company will use the funds to hire people in key management roles, strengthen customer support, develop new features and accelerate expansion into new verticals.
Co-founded in 2014 by Farhan Ahmad, former Managing Director at Barclays, and Global Head of Emerging Payments at Discover Card, and Sean Anderson, former Senior Director of Emerging Products at Blackhawk Network, Bento for Business provides a management platform and smart employee corporate card that can be controlled remotely through proprietary software, giving business owners control over where, when and how much their distributed and on the road employees can spend.
FinSMEs
09/06/2016