Exclusive: Ramp encroaches into digital bank territory with new treasury product

Exclusive: Ramp encroaches into digital bank territory with new treasury product

Over the years, Ramp has built a name for itself in the corporate card and expense management space. It’s branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding. Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of […] © 2024 TechCrunch. All rights reserved. For personal use only.

RAMP Unveils New Treasury Management Product to Streamline Financial Operations | Fintech InShorts: Latest fintech news, analysis by experts

Revolutionizing Treasury Functions: A Comprehensive Solution for Modern Businesses Highlights: RAMP introduces a new treasury management product aimed at enhancing financial operations. The product focuses on optimizing cash flow and improving liquidity management. Users can expect streamlined processes and better financial reporting capabilities. RAMP has launched an innovative treasury management product designed to improve the efficiency of …

Ramp Launches Ramp Treasury to Make Use of Idle Cash

Ramp debuts Ramp Treasury to help businesses earn interest on idle funds. The free, FDIC-insured account offers 2.5% interest or an investment account with rates up to 4.38%, all without fees or transfer limits. This is Ramp’s first foray into holding deposits. The company is partnering with First Internet Bank for the deposits and Apex for investments. Business finance automation platform Ramp unveiled a new product today called Ramp Treasury t…

Ramp Adds Treasury Solution to Financial Operations Platform

Ramp has added a treasury solution to its financial operations platform. The new Ramp Treasury allows businesses to earn 35 times more on their operating cash in a Ramp Business Account than the national average, or potentially earn higher yields in an investment account, the company said in a Wednesday (Jan. 22) press release. The solution also enables businesses to get around three extra days of working capital and incremental earning by payin…