U.S. Bank Buys Fintech Startup Bento Technologies

Friday, August 13, 2021

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Deal extends company’s digital banking expansion.

Minneapolis-based U.S. Bank has signed a purchase agreement to acquire Bento Technologies, a fintech startup that provides payment and expense management services to small businesses. Bento, which is known as Bento for Business, is based in Chicago and San Francisco. “Fintech” is shorthand for “financial technology.”

“Business owners work hard every day to turn their passion into a business. Our goal is to make money management easier for them so they can spend less time on administrative tasks, and more time on doing what they love – serving their customers,” said Tim Welsh, vice chair of Consumer and Business Banking at U.S. Bank, in a statement. “This is why Bento Technologies is a great fit for U.S. Bank.”

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Category: Investors