Paribus
Paribus, formerly known as Ramp, is a fintech company based in New York, offering a range of financial solutions including corporate cards, spend management, and accounts payable services primarily to clients in the United States and Canada.
Company History
Paribus, formerly known as Ramp, operates in the fintech industry. The company emerged from the Y-Combinator S15 batch. Paribus is headquartered in New York, NY, USA, while also supporting remote work. Initially known as Paribus, the company underwent a rebranding to Ramp.
Services Offered by Paribus
Paribus specializes in spend management, corporate cards, and accounts payable solutions. The company's platform provides features such as global corporate cards, expense management, procurement, accounts payable, and vendor management. Paribus also offers accounting automation, intelligence, reporting, and savings functionalities.
Key Features of Paribus Platform
Key features of the Paribus platform include easy-to-use cards, spend limits, approval flows, and vendor payments. The platform integrates with existing accounting systems to consolidate the finance stack and allows payments to 195 countries in over 40 currencies. It supports local currency reimbursements within 2 days, adding flexibility to business operations.
Paribus Flex for Vendor Payments
Paribus Flex allows users to pay vendors later, enabling businesses to have cash on hand for growth. The setup process for Paribus Flex is quick and does not involve any forms or waiting periods. Payment options provided by Paribus include check, ACH, and international wire, along with clear and simple fees that are prorated for early payment.