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The new partnership will combine Ramp’s leading finance automation platform with Conferma’s established network of virtual card, banking, and financial institutions providers.
Powered by Conferma’s virtual card technology, the collaboration offers a seamless industry agnostic payment platform.
The partnership will allow businesses to manage all of their payments onto virtual card-based solutions, offering more secure and faster payments, while removing the most laborious manual processes in the payments management pipeline.
The solution will be available to the 700 travel management companies in Conferma’s extensive network. These businesses will have access to Ramp’s unique underwriting, which often offers higher credit limits (up to 30x) than traditional corporate card solutions and Ramp’s finance automation platform, including the fastest growing corporate credit card in America.
The new offering from the partnership will be available to travel management companies before expanding to other platforms and industries.