Bento for Business, a provider of financial management solutions for small and midsize businesses, has appointed Flint Lane to the its board of directors.
As founder and CEO of New Jersey-based Billtrust, a provider of accounts receivable automation software, Mr. Lane has led the company to a workforce of more than 500 employees, with seven acquisitions, and in excess of $100 million in capital raised.
Mr. Lane has been named as one of the 25 Most Influential Financial Operations Professionals by the Institute of Financial Operations (IFO) and recognized as the Ernst & Young Entrepreneur Of The Year. He was awarded the 2017 Technology CEO of the Year by the Greater Philadelphia Alliance for Capital and Technologies.
“Flint is a financial technology pioneer who has an incredible track record of building and scaling companies. His strategic and operational acumen and his passion for innovative technology will be invaluable to Bento as we pursue our next phase of growth,” said Farhan Ahmad, CEO and co-founder of Bento for Business.
“I’m thrilled to join Bento as a board member,” Mr. Lane added. “Bento is uniquely positioned to deliver modern, end-to-end banking solutions that help small and mid-sized businesses control spending and manage their cash. With their strong management team and customer-centric focus, Bento is already a category leader. I look forward to supporting Farhan and contributing to the company’s future growth trajectory.”
Prior to founding Billtrust, Mr. Lane was founder, president and chairman of Paytrust, an electronic bill presentation and payment company.
The appointment follows Bento’s June announcement of a $9.0 growth equity investment led by Edison Partners, which also invested in Billtrust. Existing investor Comcast Ventures and new investor MissionOG participated in the round.