Grasshopper Partners with Ramp to Offer SMB Corporate Cards and Automation

On January 18, 2023, Grasshopper, a digital bank focused on serving businesses, announced a partnership with Ramp, a corporate card and financial automation platform. The partnership provides Grasshopper's small and mid-size business customers with access to Ramp's corporate cards and financial automation software. This integration allows SMB customers to manage spending, automate expense tracking, and streamline financial operations directly through their Grasshopper banking relationship.

The partnership has potential for expansion into Grasshopper's growing banking-as-a-service business, which could bring Ramp's capabilities to additional fintech and business clients served through Grasshopper's BaaS infrastructure. Financial terms of the partnership were not disclosed. The deal reflects increasing convergence between digital business banking, spend management, and embedded finance.

It positions both companies to capture a larger share of the SMB financial services market by combining banking and automation tools.