Ramp, a corporate-focused fintech, has raised $750 million at a $44 billion valuation. The funding round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan. Many new investors joined the round. A report last month indicated the valuation was expected to land around $40 billion.
Ramp is a platform that supports corporate cards, expense management, payables, and AI-powered bookkeeping. The company provides clients with a centralized dashboard to manage many of their financial operations. The company distills services into: who spent what? Was it worth it? And what’s the bill next month?
The company shared an update on customer usage, noting it generates over $1 billion in annualized revenue from more than 70,000 customers, including big names like Visa, Uber, Shopify, and more. Founded in 2019, Ramp powers over $200 billion in purchases annually.
Eric Glyman, co-founder and CEO of Ramp, said that for 500 years, business ran on two pillars of spend: people and vendors.
“In the last 24 months, a third arrived – intelligence, paid by the token and invisible to every system we’ve built to manage cost.”
Ramp is addressing this.
Ramp shared that in May 2026, the median customer saved 50% more dollars and 32% more hours per year than the year prior. For customers using the full Ramp suite, those numbers are said to more than double.
