UMB Financial Corp. of Kansas City, Mo., has raised $25 million in venture capital for its fast-growing business-to-business Web site and is setting its sights on going public with the subsidiary.

The $8.1-billion asset community banking company said it will use the money to expand, a one-year-old site that helps small banks and independent businesses to obtain bulk-discount rates from large vendors. Specifically, UMB plans to expand beyond its Midwest stronghold by adding other large community banks around the country as hubs to recruit correspondent banks and their commercial customers.

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