Solo-GP @ Cambrian (pre-seed & seed fintech), ex A16Z (Partner - Fintech)
Ramp announced a huge new product today. Treasury. A lot to like here. - no minimum (like most treasury platforms) - 2.5% interest, ramping to 4.38% for MMF allocation - same-day ACH - fully integrated w/ Ramp Corporate banking is finally getting competitive. Platforms are willing to commoditize their complements. Ramp primarily monetizes through interchange on card so they can afford to give away more yield on treasury on a way that most banks cannot. Love seeing product innovation, but even more love when product bundles start to challenge teh default business models of an interesting. Bank's deposit franchise (fancy way of saying banks pay 0% interest because they don't have to pay more) is finally being challenged.
Sheela Ursal
1 个月
Most folks that have tried this before were not able to control high cost, maintain a stable net interest margins, borrow at rates which are low and insensitive to the monetary policy rate, etc. It could very well be that the team figured out a way to be a loss leader and make money some other way. Regardless interesting offering, good luck to the team at Ramp.
Halit Rotsztein
1 个月
Spot the difference https://stripe.com/treasury
David Kupersmidt
1 个月
Many previous attempts to do this faced challenges like high costs, unstable profits, and difficulty accessing cheap, stable funding.?
Blake Bianchi
1 个月
Rex Salisbury Is the money FDIC-insured, and is there a higher risk with neobanks? Synapse had issues with Evolve Bank, which left companies unable to access their funds. Ramp
Zack Miller
1 个月
agreed -- corporate banking is def getting more interesting. Also, Ramp's new big product velocity is impressive
Daniel Mayhew
1 个月
good luck, bold statement.. PR at it's best.
Thomas Reinholm
1 个月
Fabian Mohr
1 个月
They did a nice job! Check out UnitPlus Business here in Germany. In the course of 2025 we will upgrade our solution to the first digital capital market CFO aka "The Warren Buffett in your pocket".
Product and Strategy Consulting, Card Nerdiness
1 个月As of today, this is just a savings account in many ways. You cannot receive or send money via ACH to third-party accounts. For example, you cannot receive an invoice payment or a funding round. You could get that into your linked business checking account somewhere else, and then transfer it via the interface. In this way it's a lot like early consumer neobanks which left folks needing a regular bank for certain functions. I want to love this and use, but I can't until it's a fully-functioning account