US Bank acquires Bento

an eight year old Visa card based payment and expense management firm. About a one minute read.

Comment: this is a theme we’ve seen play out many times on Fintech Flash News, and more so since pandemic. Many Fintechs are struggling financially due to lockdown. If there was a pre-existing partnership / joint venture / any collaboration whatsoever (and there was in this case), they’re being snapped up. Financials weren’t disclosed but likely sold for a discount to pre pandemic valuations.

Bento’s website

Business Spending Management | Bento for Business

Bento for Business offers business spending management solutions for all your expenses. Visit our website today to request a demo.

Bloomberg business profile