Ramp, the financial operations platform, is now reportedly valued at $32B following a $300 million primary financing round as well as an employee tender offer. According to the announcement from Ramp, Lightspeed Venture Partners has led the financing, with ongoing support from existing investors: Founders Fund, D1 Capital Partners, Coatue, GIC, Avenir Growth, Thrive Capital, Sutter Hill Ventures, T. Rowe Price.
Other existing investors noted in the update from Fintech Ramp reportedly include the following: Khosla Ventures, ICONIQ, Glade Brook Capital Partners, Soma Capital, Emerson Collective, 8VC, Lux Capital, Definition Capital, 137 Ventures, General Catalyst, Box Group.
Some other existing contributions mentioned in the announcement from financial tech platform Ramp are: Kultura Capital, Pinegrove Venture Partners, Anti Fund, and Stripes.
New investors now joining the Fintech firm’s latest round now include the following entites: Alpha Wave Global, Bessemer Venture Partners, Robinhood Ventures, 1789 Capital, Epicenter Capital, and Coral Capital.
According to a release, to date, Ramp claims that it has saved customers over $10 billion and 27.5 million hours. The update noted that these considerable savings come from efficiencies driven within the finance function as well as across “companies as a whole.”
During the past 3 months, Ramp has reportedly doubled the percentage of zero-touch transactions for workers — saving significant “amounts of time for every individual and function.”
In July of this year, Fintech Ramp released its first agent: Agents for Controllers.
In October of 2025, Fintech platform Ramp had reportedly expanded agentic workflows with Agents for AP.
Also in October, Ramp’s AI made “26,146,619 decisions across over $10 billion in spend. Customers of every size are experiencing tangible benefits,” including:
- Our policy agent prevented 511,157 out-of-policy transactions, saving $290,981,801
- Our treasury agent moved $5.5 million from idle cash to 4% investments
- Our fraud agent blocked a $49,000 AI-generated fake invoice
- Our travel agent saved $113.34 for a customer on his upcoming trip
Bret Taylor, Co-Founder and CEO of Sierra and Chairman of OpenAI, has said that he does not “want anyone at Sierra spending time on expense reports or invoices.”
Taylor added that Ramp’s AI has automated “categories of work that used to slow us down.”
Because of Ramp, they now claim to have “more time to focus on what actually matters, building great products and growing the business.”
Company stats as of Nov 1, 2025 are as follows:
- Generating over $1 billion in annualized revenue and producing free cash flow.
- Serving over 50,000 customers, doubling year-over-year, including CBRE, Shopify, Anduril, Figma, Notion, Cursor, The Chicago Blackhawks, The University of Tennessee, and Vercel.
- Enabling more than $100 billion in annualized purchase volume.*
- Grew enterprise customer base by 133% year-over-year, with over 2,200 customers contributing $100,000 or more in annualized revenue.
The majority of Ramp’s customers use “two or more products across Ramp’s platform.”
With this funding round, Ramp has raised $2.3 billion in equity financing.
Eric Glyman, co-founder and CEO of Ramp said that on average, companies that switch to Ramp spend 5% less and grow 12% faster – results that outpace nearly every benchmark.
The disciplined and fastest-growing teams select Ramp because it helps them scale “efficiently.” Glyman added that they are working steadily “to bring that advantage to every business.”