Plastiq, an intelligent payments platform, and Ramp, America’s fastest-growing corporate card, have announced a new partnership that helps businesses pay for virtually any expense with the Ramp card. With this partnership, customers can now track, manage, and control every dollar of their company’s spend in a single place, including larger expenses that don’t normally fit on a credit card like rent, advertising, and supplier costs.
Businesses of all sizes already use Plastiq and Ramp for managing payments and finances. Plastiq enables businesses to pay by credit card, even when cards aren’t accepted, so they can increase working capital, scale rapidly, and be more agile. Ramp is the only corporate card and spend management platform that helps companies control every dollar and spend less. As trusted leaders in the space, Plastiq has already powered billions in payments for 1.5m individuals and businesses, while Ramp has processed more than $100M of transaction volume and saved customers $10m to date. The integrated experience allows customers to charge large expenses on their Ramp card and leverage Plastiq to instantly pay suppliers via ACH, wire or check.
“For businesses looking to scale rapidly, access to credit and the ability to intelligently manage their payments are paramount,” said Sameer Gulati, President & COO of Plastiq. “We’re looking forward to working with Ramp to provide their high-growth clients with seamless, reliable access to more working capital. This allows them to maintain their high growth without having to ration inventory supply purchases or advertising spend based on a limited supply of immediately available cash.”
Businesses using Ramp will benefit from exclusive rates for transactions processed by Plastiq, as a part of a larger program that provides discounts for key services to help businesses save more. The partnership will also unlock additional rewards for customers with unlimited 1.5% cashback on every transaction on the Ramp card.
“Ramp is the only corporate card and spend management platform that actually helps businesses spend less. We’ve become America’s fastest-growing spend management platform by helping companies better manage expenses, dig deep into spending trends, and predict future transactions,” said Eric Glyman, Co-founder & CEO, Ramp.
“Our partnership with Plastiq makes our product more powerful, because customers can now benefit from a truly comprehensive view of spending — both on vendors that accept card payments, and now with Plastiq, those that only take ACH or check. No more connecting the dots between different systems, it all just works.”