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Corporate card start-up Ramp targets Bill.com with free payments software
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cnbc.comCorporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned.
The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies ways clients can save money. Ramp says that transaction volumes have jumped 50% in the two months since the company last raised funds at a $3.9 billion valuation.
To keep that growth going, the New York-based start-up has set its sights on the clientele of Bill.com, a fintech company that automates the processing and payment of invoices, said Ramp CEO Eric Glyman. Paying invoices is a time consuming, hands-on and error-prone process for most
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