Ramp is a finance automation platform and first corporate card designed to help businesses spend less.
Ramp is is building the next generation of finance tools – from corporate cards and expense management, to bill payments and accounting integrations – designed to save businesses time and money with every click.
Ramp was founded in 2019 by Eric Glyman, Karim Atiyeh and Gene Lee. The company is headquartered in New York, New York.
Ramp launched an advanced expense management platform that allows companies to automate policies and approvals with machine learning, while employees can track and organize all purchases, including transactions not made with a Ramp card.
Ramp also launched a B2B payments tool Bill Pay, its fastest-growing solution to date, integration of Buyer to deliver negotiation-as-a-service, and launch of Ramp for Travel. Ramp has partnership and integrations with Amazon Business, Lyft, WeWork and other leading travel providers.
Ramp is powering over $5 billion of annualized payments volume and has delivered over $135M in savings for their customers to date. Customers include Bristol Hospice, Walther Farms, Douglas Elliman, Planned Parenthood, Ro, Faire, Marqeta, ClickUp, Applied Intuition and many more.
Ramp is backed by Goldman Sachs, D1 Capital Partners, Stripe, Founders Fund, Coatue, General Catalyst, Redpoint Ventures, Thrive Capital, Spark Capital, Iconiq, Altimeter, Block, and others. The company raised $750M in new financing on Mar 21, 2022. This brings Ramp's total funding to $1.37B to date. The latest round nearly doubled the company's valuation to $8.1B post-money. Ramp was last valued at a $3.9B from their Series C round raised in Aug 2021.