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–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/b2b?src=hash” target=”_blank”gt;#b2blt;/agt;–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
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
“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
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,
for Business, Twitter
Archie Group for Bento for Business