Bento Pay is a first of its kind digital payment solution that makes it easier for businesses to pay businesses. The technology marries the ease of use of digital, check-free consumer payments with enterprise-grade security and spend controls business owners and managers need.

B2B business payments solutions provider Bento for Business announced the new solution this morning. Available to customers in July, Bento Pay will only require the payee’s email address in order to send payments rather than force fund recipients to set up new accounts or share personal financial information. Funds can be received by single-use virtual card or an ACH transfer.

Highlighting the efficiency of banking and payments in the consumer area, Bento for Business CEO and co-founder Farhan Ahmad believes business payments can be made better. “Businesses today are demanding the same level of convenience and control,” he said. “They want to move away from complex, high-cost workflows towards a solution that is flexible and secure. Bento Pay users can smoothly and securely complete business payments to their suppliers while controlling their cash from one central place.”

As such, Bento Pay is a significant contribution to the company’s product suite, which now features debit and virtual cards, real-time payments, and ACH transfers. The new offering also validates the company’s evolution from a spending and expense management innovator into a holistic payments solution provider for small businesses.

“Until now, we’ve seen no meaningful revolution in the B2B fintech space that can viably address the underserved needs of SMBs,” Ahmad said. “We envisioned Bento as the financial operating platform of choice for SMBs, and the addition of real-time payment capabilities is a continuation of our vision.”

San Francisco, California-based Bento for Business demonstrated its first offering, the Bento Mastercard, a prepaid commercial card solution for SMEs, at FinovateSpring 2015. The card gives owners and managers the ability to empower employees and workers to make necessary business expenditures, while maintaining a high degree of control and transparency into all activity on the card.

Last month, Bento made a pair of major, C-level hires, adding Paula Bachman as Chief Financial Officer and Tracey Hansen as Chief Marketing Officer. Bachman is most recently from data analytics firm, Networked Insights. Hansen was formerly CMO of education software company, Renaissance Learning. This spring, the company announced a partnership with Visa that added a new payment card option for small business owners using the Bento for Business platform.

With $18.5 million in funding from investors including Comcast Ventures, Edison Partners, and MissionOG, Bento for Business was one of 15 investors to back Bipsync, a research automation platform for investors, at the beginning of the year. Bento was founded in 2014.

B2B payment solutions provider Bento for Business is boosting its leadership team this week. The company has appointed Paula Bachman as Chief Financial Officer and Tracy Hansen as Chief Marketing Officer.

The two will be the first to serve in these capacities, as both roles have been newly created to aid the company during its recent time of growth. Last year, the company’s year-over-year gross dollar volume increased by 3x.

“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, Bento CEO. “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.”

In her new role, Bachman (pictured right) will help Bento define new strategies, implement scalable business processes and systems, execute transactions with Bento’s investors and business partners, and lead the human resources group. Prior to Bento, Bachman worked at Networked Insights, a data analytics SaaS firm.

As CMO, Hansen (pictured right) is charged with overseeing and managing Bento’s growth. She has worked at B2B companies including Tealium, NetApp, and CA Technologies, and was most recently CMO of Renaissance Learning, an education software company.

Bento offers an all-in-one platform to help small businesses manage their spending. The company also provides a variety of payment cards to offer businesses more control and visibility over their employees’ spending.

Founded in 2014, Bento demoed its platform at FinovateSpring 2015. The company is headquartered in San Francisco and Chicago. Last month, Bento formed a deal with Visa to include the company as an additional payment card in the Bento for Business platform.

B2B payment solutions provider Bento for Business inked a deal with Visa this week. The deal includes Visa as an additional payment card in the Bento for Business platform that aims to help small businesses manage their cash and employee expenses. The Visa card offering is being added to the company’s Mastercard prepaid commercial card product originally launched in 2015.

As part of the partnership, joint customers of Visa and the Bento platform can benefit from Bento’s businesses management tools such as budgeting, capital management, employee card controls, and bookkeeping. And it notably makes Visa’s millions of business debit cardholders into potential Bento clients.

“The SMB segment is a priority for Visa and we continue to be an advocate for the 30 million SMBs in the United States,” said David Simon, Global Head of Small and Medium Enterprises at Visa. “The Bento solution will evolve how Visa Business cardholders and merchants manage expenses and gain insights into their cash flow and financial management activities.”

Plans for Bento business users have a range of options, starting with two cards for free, and extending to unlimited cards and administrators for $149 per month.

Founded in 2014, Bento demoed its platform at FinovateSpring 2015. As for the company’s next plans, Bento CEO Farhan Ahmad said, “In 2019 and beyond, we will continue to expand our financial controls and cashless workflows for SMBs with a vision to deliver an all-in-one working capital management solution.”