Bento - About the company
Bento is an acquired company based in San Francisco (United States), founded in 2013 by Farhan Ahmad and Sean Anderson. It operates as a SaaS-driven expense management software for corporate travelers. Bento has raised $26.6M in funding from Edison Partners. The company has 160 active competitors, including 34 funded and 35 that have exited. Its top competitors include companies like Navan, Ramp and Brex.
Company Details
SaaS-driven expense management software for corporate travelers. It extends MasterCard branded individual expense management cards and function cards, like gas cards, that offer employers real-time control over the spending and expense limits for the employees including budget limit, spending limit, and ability to disable or enable the card as and when required. It features solutions for spend control, invoice payment, analytics & reporting, accounting integration, and more. The cards also provide discretion to employers to allow card transactions only for certain activities like food, fuel, travel & more. Their app is available for iOS & Android devices.
- Website
- bentoforbusiness.com
- Email ID
- *****@bentoforbusiness.com
- Phone Number
- +1 **********
- Registered Address
- 800 NICOLLET MALL,MINNEAPOLIS,MN,55402,0
Key Metrics
Founded Year
2013
Location
San Francisco, United States
Stage
Acquired
Total Funding
$26.6M in 5 rounds
Latest Funding Round
Investors
Ranked
12th among 160 active competitors
Employee Count
11 - 50 as on Jul 01, 2024
Exit Details
Acquired by US Bank (Aug 11, 2021)
Legal entities associated with Bento
Bento is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BENTO TECHNOLOGIES INC. CIN: 32081999255 , United States, Active | - | - | - |
Bento's acquisition details
Bento got acquired by US Bank on Aug 11, 2021.
Click here to take a look at Bento's acquisition in detail
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Bento's funding and investors
Bento has raised a total funding of $26.6M over 5 rounds. Its first funding round was on Feb 11, 2015. Its latest funding round was a Venture Debt round on Mar 22, 2021 for $*****. 3 investors participated in its latest round. Bento has 9 institutional investors.
Here is the list of recent funding rounds of Bento:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 22, 2021 | 6504730 | Venture Debt | 1147759 | 6059462 | 3295558 | 5921221 |
Dec 03, 2020 | 3995004 | Series B | 8841609 | 1060885 | 3576892 | 6791854 |
Jun 28, 2018 | 6181997 | Series B | 8028959 | 2951241 |
View details of Bento's funding rounds and investors
Bento's founders and board of directors
Founder? Claim ProfileThe founders of Bento are Farhan Ahmad and Sean Anderson.
Here are the details of Bento's key team members:
- Farhan Ahmad: Co-Founder of Bento. They serve on the board of 1 company.
- Sean Anderson: Co-Founder of Bento. Contact Info: 1 email address
View details of Bento's Founder profiles and Board Members
Bento's employee count trend
Bento has 11 - 50 employees as of Jul 24. Here is Bento's employee count trend over the years:
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Bento's Competitors and alternates
Top competitors of Bento include Navan, Ramp and Brex. Here is the list of Top 10 competitors of Bento, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Navan 2015, Palo Alto (United States), Series G | SaaS-based corporate travel and expense management solution for businesses | $1.28B | 84/100 | |
2nd | Ramp 2019, New York City (United States), Series E | Provider of a spend management and accounts payable solutions | $2.13B | 83/100 | |
3rd | Brex 2017, Draper (United States), Series D | SaaS-driven credit card and spend management solutions platform for businesses | $1.2B | 82/100 | |
4th | Wright Express 1983, Portland (United States), Public | Provider of employee benefit administration solutions for enterprises | - | 75/100 | |
5th | Concur 1988, Bellevue (United States), Acquired | SaaS-driven corporate travel expense & invoice management solution | - | 74/100 | |
6th | Online platform providing payment cards for employee benefits | - | 72/100 | ||
7th | Emburse 2002, San Francisco (United States), Acquired | Corporate card and expense management platform for businesses | $7.24M | 71/100 | |
8th | Divvy 2016, Lehi (United States), Acquired | Spend management solutions for businesses | $448M | 70/100 | |
9th | Marqeta 2010, Oakland (United States), Public | SaaS-based expense management solutions for businesses | $528M | 70/100 | |
10th | Extend 2017, New York City (United States), Series B | Provider of virtual credit cards and spend management platform for businesses | $68.8M | 70/100 | |
12th | Bento 2013, San Francisco (United States), Acquired | SaaS-driven expense management software for corporate travelers | $26.6M | 69/100 |
Looking for more details on Bento's competitors? Click here to see the top ones
Bento's Investments and acquisitions
Bento has made no investments or acquisitions yet.
Reports related to Bento
Here is the latest report on Bento's sector:
News related to Bento
Media has covered Bento for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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Bento tech team protests unpaid salaries, gets fired insteadTechpoint.Africa•Feb 05, 2025•Bento, Khazna, MultiChoice, CANAL+
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PayNet Appoints Farhan Ahmad as Its Group Chief Executive OfficerFinTechnews•Feb 25, 2022•PayNet, Bento
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U.S. Bank to Acquire Small Business Payments Software Company, Bento TechnologiesBusiness Wire•Aug 12, 2021•US Bank, Bento, Edison Partners
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Espresso Capital extends $6 million credit facility to Bento for BusinessEspresso Capital•Mar 22, 2021•Bento, Espresso Capital
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Bento for Business Leverages A.I. to Revolutionize Expense Receipt ManagementBusiness Wire•Sep 02, 2020•Bento
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