The Minneapolis-based US Bank has signed an agreement on August 11 to acquire Bento Technologies, a Chicago-based fintech startup providing payment and expense management services to SMEs. The deal is likely to close in September. This acquisition is part of the US Bank’s plan to bring payments and banking services together to simplify small businesses’ cash flow and money management.
Bento Technology’s accounts payable-based software complements US Bank’s existing Elavon and talech accounts receivable software, thereby offering clients a one-stop financial operating platform for both their accounts payable and accounts receivable needs.
