Apex and Ramp Launch New Cash Investment Solution for Businesses
Apex and Ramp Launch New Cash Investment Solution for Businesses
Apex Fintech Solutions Inc., known for being an innovation leader in the global investment ecosystem, has partnered with Ramp, a leading financial operations platform. This collaboration introduces a revolutionary solution that aims to enhance how businesses manage their operating cash. Dubbed the Ramp Investment Account, this service is a key component of Ramp's new Treasury offering, designed to empower businesses by providing straightforward access to high-yield money market funds.
Enhancing Cash Management
The Ramp platform, already assisting over 30,000 businesses in managing corporate cards, expenses, bill payments, procurement, and much more, is now set to make cash management even easier. With this new investment option, businesses can invest surplus cash directly through the Ramp platform. This means they can streamline their operations without having to switch between multiple applications.
Easy Access to High-Yield Investment Options
Initially, customers will have the ability to invest in the Invesco Premier U.S. Government Money portfolio. This portfolio is tailored for businesses seeking a safe investment avenue, focusing on high-credit-quality, low-risk money market instruments. The design of the service prioritizes user-friendliness, allowing businesses to allocate their excess cash into this investment account with minimal effort.
Insights from Leadership
Colin Kennedy, Chief Business Officer of Ramp, shared his excitement about this collaboration, stating that it offers customers enhanced money management solutions. He emphasized that this new investment option enables businesses to make their cash work more efficiently.
The backend investment operations are handled by Apex through its advanced suite of APIs, making the integration into Ramp's platform seamless and efficient. This partnership reinforces Ramp's mission to maximize the potential of every dollar and hour spent by businesses.
The Impact of Financial Technology
Connor Coughlin, Chief Commercial Officer at Apex Fintech Solutions, expressed enthusiasm about collaborating with Ramp, highlighting the meaningful impact of their innovative investment solution. He conveyed that, through the integration of Apex's clearing and brokerage capabilities into Ramp's infrastructure, businesses can refine their cash management strategies while maintaining focus on their core operations.
About Ramp
Ramp has emerged as a groundbreaking financial operations platform that empowers companies to optimize their spending while maximizing their impact. With offerings that include making payments, managing vendors, streamlining procurement workflows, travel booking, and automating bookkeeping, Ramp provides an all-in-one solution. Their intuitive software integrates controls and intelligence, allowing businesses to automate menial tasks and focus on growth.
Since its inception in 2019, Ramp has rapidly expanded its services, catering to a diverse clientele from family-owned businesses to innovative startups. With their robust platform, Ramp has assisted customers in achieving remarkable savings of $2 billion and reclaiming 20 million hours of productivity.
About Apex Fintech Solutions
Apex Fintech Solutions stands at the forefront of financial technology, striving to provide hassle-free access to investing and client education. Their comprehensive suite of solutions drives innovation for market leaders and visionaries alike. By fostering an ecosystem that empowers clients to realize their ideas, Apex enables transformative change for financial service users.
Frequently Asked Questions
What is the Ramp Investment Account?
The Ramp Investment Account is a new service enabling businesses to invest surplus cash in high-yield money market funds directly through the Ramp platform.
How does the Ramp platform help businesses?
Ramp assists in managing corporate spending, expenses, bill payments, procurement, and offers investment options to optimize cash management.
Which investment portfolio can businesses access first?
Customers can initially invest in the Invesco Premier U.S. Government Money portfolio, focusing on high-quality, short-term money market instruments.
What is the goal of the partnership between Ramp and Apex?
The partnership aims to enhance cash management for businesses by integrating investment solutions seamlessly into the Ramp platform.
How many businesses does Ramp currently service?
Ramp serves over 30,000 businesses, offering comprehensive financial management solutions to help them save time and resources.
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