Ramp has raised $150 million through a secondary share sale, pushing its valuation to approximately $13 billion. The funding round saw participation from prominent investors, including Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital.
Founded in 2019, Ramp has built an all-in-one platform to optimize corporate finance management, offering solutions for corporate cards, expense tracking, bill payments, procurement, travel, and treasury management. The company has rapidly scaled, now serving over 30,000 businesses and processing more than $55 billion in annual payment volume.
The newly acquired funds will fuel Ramp’s expansion into AI-driven financial automation. Over the past year, the company has launched several new offerings, including Ramp Procurement, Ramp Travel, Ramp Treasury, and the Ramp App Center, which integrates with over 200 platforms across 75+ technology partners. Additionally, 30% of new customers have adopted Ramp Plus, its premium-tier software.
Commenting on the milestone, Ramp co-founder and CEO Eric Glyman stated, “We’re obsessed with one goal: giving businesses back their time and money. Every product we build, every feature we launch, is focused on eliminating financial waste and busywork so companies can run more profitably. AI is fundamentally changing how businesses operate, and we’re ensuring our customers are at the forefront of this transformation.”
Stripes founder and managing partner Ken Fox echoed this sentiment, adding, “Ramp’s ability to drive growth while expanding across multiple product lines sets it apart. With AI embedded in its roadmap, Ramp is positioned to lead the next era of automation in financial operations.”
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