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Treasure Financial, a California-based business-to-business (B2B) fintech, has joined forces with start-up Grasshopper Bank to offer a new financial management platform where businesses can optimise the rate they are generating on their cash balances.
Founded in 2019 in New York and named after Grace Hopper, a computer scientist and US Navy rear admiral, Grasshopper Bank has approximately $500 million in total assets today.
Its banking solutions cover small businesses, venture-backed companies, fintech-focused banking-as-a-service (BaaS) and commercial API banking platforms, small business lending, commercial real estate lending, and yacht financing.
Treasure provides automated cash management solutions for growing businesses.
In this new partnership, Treasure clients will now have access to Federal Deposit Insurance Corporate (FDIC) insured deposit products and payments capabilities by leveraging Grasshopper’s BaaS platform.
Treasure says the two firms are working together “to help all businesses have access to the same type of financial services as large corporations”.
They are also evaluating offering the Treasure solution to Grasshopper clients in the future.
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Image and article originally from www.fintechfutures.com. Read the original article here.