U.S. Bank said Thursday it would buy Bento Technologies Inc., a provider of an easy-to-use expense management system for small- and mid-sized businesses and their employees.
Terms weren’t disclosed.
U.S. Bank picks up a company, known commercially as Bento for Business, that since starting out in 2014 has sought to take the pain out of keeping track of corporate expenses for employees and to smooth out cash management for employers.
Last year, Bento’s main product added a feature that matched employees’ credit card transactions with photos of receipts snapped on a smartphone.
U.S. Bank said Bento’s payable-based service will