Bento For Business Expands Leadership Team With Key Executive Hires; Appointments Follow Record Year Of GrowthCompany Updates
CFO Paula Bachman and CMO Tracy Hansen bring deep expertise with high-growth B2B businesses
Company records significant growth in revenue and business spending on its financial operating platform
Chicago & San Francisco, May 30 2019—Bento for Business (“Bento”), a leading provider of B2B payments solutions, today announced two new leadership team hires. Joining Bento are Paula Bachman as Chief Financial Officer and Tracy Hansen as Chief Marketing Officer.
Bento created these new executive roles amid an exponential growth period for the company, which recently marked its five-year anniversary. In 2018, Bento saw a record 3x increase year-over-year in gross dollar volume on its industry leading financial operating platform. To date, the company has raised $18.5 million in growth financing rounds from leading investors.
“Paula and Tracy are experienced leaders and critical hires for Bento during this pivotal time in our growth trajectory. They each bring the knowledge and insights needed to progress Bento’s evolution,” said Farhan Ahmad, Chief Executive Officer, Bento for Business. “With the right team in place, we are now focused on making further innovations to our financial operating platform to deliver a full-stack payment solution with flexible funding options, built-in compliance, APIs, third-party integrations and more to meet the evolving needs of modern businesses.”
As Chief Financial Officer, Bachman will be responsible for helping Bento define value-generating strategies, implement scalable business processes and systems, and execute pivotal transactions with Bento’s investors and business partners. She will also lead the human resources group. Bachman comes to Bento from Networked Insights, a data analytics SaaS business backed by Goldman Sachs and acquired by American Family Insurance in December 2017.
“As a leader in the fintech space, Bento is reimagining business payments and financial workflows for SMBs. I’m excited to join Bento to help the company realize its growth plan and bring transformative benefits to our customers and program partners,” said Paula Bachman, CFO, Bento for Business.
As Chief Marketing Officer, Hansen will lead the Bento growth engine. She brings a solid background in driving rapid growth for B2B businesses including Tealium, NetApp and CA Technologies. Most recently, Hansen was CMO of Renaissance Learning, an education software company that sold to Francisco Partners in May 2018.
“The people at Bento are united in our passion to help today’s SMBs fully transition to digital payments using our powerful and accessible platform. I’m excited to help this exceptional team unlock the winning formula of customer experience, product innovation and ecosystem partnerships,” said Tracy Hansen, CMO, Bento for Business.
Last month, Bento rolled out the Bento for Business Visa® Debit Card, giving millions of Visa merchants instant access to Bento’s modular financial solutions for cash management, across budgeting, purchasing, spend, expense and risk controls, bookkeeping, and more.
For their efforts, Bento has been recognized as a “US Fintech Trend to Watch” by CB Insights, a “Best Place to Work” by Built In Chicago and a “50 on Fire” technology company by American Inno. Bento is actively hiring for roles in engineering, finance, marketing and operations in Chicago and San Francisco. Visit the careers page to learn more.
About Bento for Business
Bento’s mission is to provide businesses with a powerful financial operating platform so they can further their vision, empower their employees and create value for their customers.
Bento’s financial operating platform allows businesses to issue payment credentials to people and systems without introducing risk. Bento virtual and corporate cards and industry-leading management tools give companies unprecedented control and visibility over company expenses, eliminating fraud and administrative overhead. Virtual Cards, open APIs, and White Label partnerships extend these control and management benefits to automate payments well beyond employee expenses.
Based in Chicago and San Francisco, Bento is an award-winning SMB fintech solution led by veteran financial service executives and backed by leading financial technology investors. For additional information, visit Bento for Business, Twitter and LinkedIn.
Archie Group for Bento for Business