• Ramp, a company offering tools for business expense management, has entered the B2B BNPL market by introducing “Flex”.  The flexible payment option builds on its automated accounts payable offering Bill Pay. The product is currently in early access and will be rolled out in most states in the US over the next few months.

• The “Flex” feature allows businesses to pay back in 30, 60, or 90 days for a fee (1–2% of the transaction value for 30 days) while also allowing the business to pay using a cheque, card, or ACH. Similar to Ramp’s cards, the spending limit will depend on the customer’s credit worthiness. 

<ul><li> Analyst QuickTake : Ramp’s offering includes expense cards, expense reimbursement platforms, bill payment solutions, and automated accounting and reporting. It currently counts ~7,000 business customers which will allow it to expand its BNPL solution relatively faster. Ramp will compete with established B2B players Affirm, Splitit, and Zip Co and early-stage players who focus on specific industries such as Vartana and BlueTape which have raised funding recently.</ul>