back Back

Plastiq partners with Ramp to enable businesses pay virtually anything with a credit card

By Pavithra R

February 26, 2021

  • America
  • Plastiq
Share

Plastiq, an intelligent payment solutions provider for businesses, has announced entering into a new partnership with Ramp, America’s fastest-growing corporate card, to help businesses pay for virtually any expense with the Ramp card.

Under the collaboration, customers can track, control and manage every dollar of their company’s spend in a single place, including larger expenses that don’t usually fit on a credit card like rent, supplier costs and advertising.

“For businesses looking to scale rapidly, access to credit and the ability to intelligently manage their payments are paramount. 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,” said Sameer Gulati, President & COO of Plastiq.

Already, businesses of all sizes rely on Plastiq and Ramp for managing payments and finances. Plastiq enables businesses to pay by credit card, even when cards are not accepted. Ramp offers a corporate card and spend management platform that helps companies control every dollar and spend less with an unlimited 1.5% cashback. The integrated experience will allow customers to charge large expenses on their Ramp card and leverage Plastiq to pay suppliers via ACH, wire or check instantly. 

“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. 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,” said Eric Glyman, Co-founder & CEO, Ramp. 

Founded in 2012, Plastiq is committed to helping small businesses achieve their growth potential. It offers intelligent payment solutions enabling businesses to pay or accept payment via a credit card or cash for virtually any expense. It has strategic partnerships with U.S. Bank, Visa, Mastercard, Silicon Valley Bank and more and works with all major credit card providers, including Mastercard, Visa, and American Express.

Previous Article

February 26, 2021

Cai ZhiFang appointed as CEO of NBTC Blockchain and Crypto Business

Read More
Next Article

February 26, 2021

MoonPay achieves in-principle approval for Class 2 VFA Licence

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

America

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024