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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,
Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of the digital bank territory — with a new product called Ramp Treasury. In a nutshell, Ramp aims to give its customers a way to earn money and not just save cash, explains CEO and co-founder Eric Glyman, in an exclusive interview with TechCrunch. It also earns SaaS revenue from customers who upgrade to its Plus offering, through foreign exchange from international money movement, affiliate fees when flights or hotels are booked through its travel product, among other things.
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