Princeton-based growth equity firm Edison Partners has exited portfolio company Bento for Business, earning a “strong cash return,” it announced Thursday.
Bento for Business, based in Chicago, provides small to midsized businesses with cash flow and other financial services.
U.S. Bank acquired the company. Further financial details of the transaction were not disclosed.
“Bento achieved something that not many, if any, in the SMB fintech space have, and that is capital-efficient growth,” Edison General Partner Kelly Ford said in a prepared statement. “The company stood steadfast on a differentiated value proposition around expense controls for small businesses, and resisted adding commoditized ‘me, too’ features offered by competitors.”
