MissionOG Announces the Acquisition of Bento for Business by US Bank

MissionOG is excited to announce the acquisition of Annex Fund portfolio company Bento for Business by U.S. Bank (NYSE: USB). Bento provides payment and expense management services to small and mid-size businesses. The Company’s platform offers businesses simple and easy-to-use tools to better manage expenses via spend tracking and card transaction controls.

MissionOG originally invested in Bento in 2018 as we identified a truly unique platform for small businesses. Along the way, we witnessed market demand steadily grow for the Company’s differentiated offerings within this core segment of the economy. U.S. Bank has acquired a fantastic platform and team of individuals. Congratulations to Farhan Ahmad, Sean Anderson, Guido Schulz, and the entire Bento team. We also recognize and are appreciative of the collective support and efforts from our co-investors, including Edison Partners, Comcast Ventures, and Blumberg Capital.

Bento founder Farhan Ahmad noted, “Small businesses are the lifeblood of our economy. In 2014, Bento pioneered the concept of smart corporate cards and automated spend management for small businesses. We are now very excited to join U.S. Bank in order to accelerate our vision of creating a one-stop financial operating platform to help small businesses that serve communities across the country.”

Bento is MissionOG’s fourth realization in 2021 and eighth in the past eighteen months, including Alkami, Clip, Deko, DivvyCloud, Katapult, OnBe, and Solovis. We are proud to have helped these companies grow and become leaders in their respective markets.

To learn more about the acquisition, please refer to U.S. Bank’s announcement here.

 


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