Ramp Treasury
“Can Ramp transform from a corporate card and expense management platform into the full financial operating system for businesses — capturing deposits, yield, and payments alongside spend?”
Founded in 2019 as a corporate card and expense management platform for businesses, Ramp rapidly expanded into bill pay, travel, and vendor management. In January 2025 it launched Ramp Treasury — a business deposit account plus an automated investment account — moving squarely into digital banking territory and competing directly with incumbent business banks. The Treasury product is the company's most explicit embedded finance play, stitching together BaaS infrastructure (Increase + First Internet Bank of Indiana), a registered investment adviser (Moment Advisors), and a clearing broker (Apex Clearing) to keep operating cash yield-bearing within the Ramp platform.