Apex FS and Rippling Collaborate on Treasury Services

Apex Fintech Solutions Inc and Rippling have announced a collaboration to bring an integrated treasury product to Rippling's business customers. This alliance will enable Rippling's 30,000+ existing business customers to access a digital investing experience powered by Apex's cloud-native infrastructure, Apex AscendOS.

Key Features of the Collaboration

The integrated offering includes several key features, such as faster time to market, treasury management tools, real-time account opening, instant cash transfers, and a money market fund sweep program. These features are designed to help businesses optimize and invest their short- and long-term cash holdings.

According to Bill Capuzzi, CEO of Apex Fintech Solutions, the collaboration reflects the shared commitment to removing friction and creating value for businesses of all sizes. By integrating Apex's real-time investment infrastructure into Rippling's platform, businesses can put their cash to work without adding operational complexity.

Benefits for Rippling's Customers

Rippling's customers will now be able to manage their cash more effectively alongside payroll, benefits, and spend management, all in one place. The addition of treasury management capabilities broadens the suite of financial services offered by Rippling, giving customers another reason to consolidate their operations on the platform. Jason James, General Manager of Rippling Finance, stated that the company's customers trust Rippling to simplify their operations across finance, HR, and IT.

Technical Details of the Collaboration

The collaboration leverages Apex's digital-first custody and clearing capabilities, including real-time account onboarding, automated cash management, and enterprise-grade compliance infrastructure. Apex Clearing will serve as the FINRA-registered Broker Dealer for the offering. The initial offering will enable U.S. entity accounts to access Apex's Money Market Fund Sweep program, with plans to expand into additional fixed income instruments.

The integrated offering is fully embedded within Rippling's existing platform, with branded statements and trade confirmations. This seamless integration is designed to provide a streamlined experience for Rippling's customers, allowing them to easily manage their cash and investments in one place. With the collaboration, businesses can open investment accounts instantly through Rippling's user experience, with Apex handling regulatory compliance and account approval, typically within one business day.