All articles tagged with #ramp
Ramp, a rapidly growing fintech startup valued at $22.5 billion, is challenging traditional players like American Express by offering innovative, AI-driven financial services and corporate credit solutions, aiming to transform corporate spending and back-office processes with a focus on cost savings and automation.
Fintech startup Ramp has raised $300 million in a funding round at a post-money valuation of $5.8 billion. The funding round was co-led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund, and other existing backers. Ramp plans to use the capital to accelerate product development, expand into new categories, and hire significantly in the second half of the year. The company, which offers spend management solutions, has seen its valuation decrease from $8.1 billion in March 2022. Ramp has added features and expanded its customer base, now serving businesses of all sizes.