Treasure Financial, a fast-growing B2B fintech company, which provides automated cash management solutions for growing businesses, today announced that it partnered with Grasshopper Bank to deliver a new platform where businesses can dynamically optimize the rate they are generating on their cash balances and have better vision into their financial health. This bolsters Treasure’s treasury management solution offering and will help Grasshopper deepen relationships with its small to mid-sized business customers.
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Treasure’s technology provides a full suite of products to help financial managers not only better track their finances in real-time but also access financial products to help them generate revenue from their finances. In this new partnership, Treasure clients will now have access to FDIC-insured deposit products and payments capabilities by leveraging Grasshopper’s innovative Banking-as-a-Service (BaaS) platform, powered by API middleware provided by the Bank’s technology partner Treasury Prime.
Treasure and Grasshopper are working together to help all businesses have access to the same type of financial services as large corporations. This relationship is providing businesses with better yield production on their cash balance, more automation, and an easier way to move money. Treasure’s platform is positioned as the solution to optimize business finances in real-time without any friction. The two companies are continuing to explore ways to strengthen this relationship by potentially offering the Treasure solution to Grasshopper clients in the future.
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“Working with Grasshopper is the next step in the growth of Treasure helping us to provide even more automation and improved yield production to our customers, further strengthening our position as the leader in the Treasury Management as a Service (TaaS),” says Sam Strasser, Treasure CEO. “Grasshopper’s digital solutions are built on a similar idea as our own: driving and transforming businesses’ finances. We are excited to have the opportunity to bring our offerings together and further strengthen the value-add to our customers.”
Treasure’s existing customers start reaping the benefits of this partnership immediately. Business leaders can open accounts on Treasure’s platform instantly to seamlessly and safely generate an optimized yield that rises as the Fed hikes rates, all with no limits on deposits or earnings.
“Treasure is the leader in Treasury Management as a Service that keeps building, offering, and strengthening their product, and we’re excited to partner with them,” says Mike Butler, CEO of Grasshopper. “We believe in their business model and look forward to helping them achieve their growth goals. We also have a strong alignment in terms of the markets we serve, so being able to offer this type of platform to our clients in the future will be another great win.”
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