U.S. Bank Agrees to Acquire Bento Technologies
August 12 2021 - 11:45AM
Dow Jones News
By Stephen Nakrosis
U.S. Bank on Thursday said it agreed to acquire fintech company
Bento Technologies.
Known as Bento for Business, the fintech company offers payment
and expense management services to small and mid-sized businesses,
U.S. Bank said.
The company also said "Bento's accounts payable-based software
complements the bank's existing Elavon and talech accounts
receivable software solutions."
The deal is expected to close in September, U.S. Bank said.
Financial terms of the deal weren't disclosed.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 12, 2021 11:33 ET (15:33 GMT)
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