US-based fintech company Bento for Business closed a $7m series A round yesterday led by Comcast Ventures, the corporate venturing subsidiary of media company Comcast.
The round also featured Anthemis Group, Blumberg Capital and Lionbird and angel investor Dan Henry.
Anthemis previously led a $2.5m seed round in February 2015 that included Blumberg, Lionbird and Pivot Investment Partners.
Launched in May 2015, Bento for Business operates a platform and corporate debit card lets employers easily manage expenses. The platform enables companies to remotely control where, when and how much an employee can spend.
Bento will use the cash to hire managers, improve customer support, develop additional features and expand into new verticals.
Dave Zilberman, managing director of Comcast Ventures, will join Bento’s board as part of the deal.
Zilberman said: “Bento is solving a significant unmet need in the market with its debit card and software-as-a-service platform management platform for small and medium businesses.
“I am excited to join the board and support this superb team helping SMB owners have better visibility into their finances.”