Grasshopper, the client-first digital bank built for the business and innovation economy, and Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announce a partnership “to provide Grasshopper’s clients with access to Ramp’s platform, including its virtual and physical corporate cards, on a referral basis.”
This strategic collaboration “serves as a key component of both organizations’ missions to deliver a superior experience for the small- and mid-sized business economy.”
Grasshopper identified Ramp “as a valuable partner with its industry-leading automation software, integrations, savings insights, and spend management tools that have saved 12,000 businesses over $300 million and 3.5 million hours to date.”
Ramp shares Grasshopper’s belief “that small- and medium-sized businesses are the backbone of the U.S. economy and has been steadfastly committed to helping thousands of these businesses save their most valuable resources and navigate a complex macroeconomic landscape.”
With this partnership, Ramp and Grasshopper together are “doubling down on their commitment to ensuring the success, profitability, and longevity of small businesses.”
Chris Tremont, Chief Digital Officer of Grasshopper, said:
“Ramp and Grasshopper are squarely aligned to deliver superior products and services to meet the growing demand for digital banking and finance tools among small and mid-sized businesses. We empower our clients by delivering high-quality digital banking tools and resources, so they can focus more time on meeting their business goals. Working with Ramp, we can continue to deliver on our promise of providing the right technology and services to our clients.”
Through the partnership, Grasshopper clients can “apply for a Ramp card from the bank’s site” and will benefit from the following features:
- Powerful physical and virtual cards with unlimited 1.5% cash back
- Zero touch expenses to help control, analyze, and optimize organization-wide spending.
- Blazing fast bill payments to pay invoices how and when they want, around the globe.
- Hyper intelligence to maximize saving and cut spend with insights, reporting, and perks.
Colin Kennedy, Chief Business Officer, Ramp, said:
“In this market, business owners and finance teams are under increased pressure to do more with less. We’re proud to partner with Grasshopper to deliver small and mid-sized businesses the tools they need to save time and money when it matters most.”
As the two companies deepen their partnership in the coming months, the Ramp platform will become more integrated “into the Grasshopper digital banking experience to provide business clients with a more holistic view of their finances in one place.”
Over time, this partnership may also “expand into Grasshopper’s growing Banking-as-a-Service (BaaS) business, providing fintech clients seeking a corporate card offering access to Ramp.”