Ramp
FinTech
Founded: 2019
Last Round Valuation: $7.7B
The financial technology platform operates with the aim of offering digital corporate cards to facilitate savings. Through its platform, the company provides increased card limits, valuable saving prospects, automated expense management, receipt matching, and effortless integration with accounting systems, all without any additional charges. This enables organizations to provide their employees with cost-effective credit cards that promote automated savings while maintaining control.
Ramp Overview:
Ramp is a financial technology company that offers a comprehensive expense management platform designed to help businesses gain control over their spending, save money, and streamline their financial operations. The company's platform provides a range of features and tools that enable organizations to effectively manage their corporate expenses and optimize their financial processes.
One of the key offerings of Ramp is its corporate card program. Ramp's corporate cards are designed to provide businesses with enhanced control and visibility over their expenses. These cards come with higher spending limits compared to traditional corporate cards, allowing organizations to accommodate their growing needs without restrictions. The platform also offers automated expense management, making it easier for employees to track and categorize their expenses, and simplifying the reimbursement process.
Ramp's platform goes beyond just providing corporate cards. It leverages advanced machine learning and data analytics to identify cost-saving opportunities for businesses. The platform analyzes spending patterns and provides insights on potential areas where businesses can optimize their expenses and reduce unnecessary costs. This helps organizations make informed financial decisions and drive savings across their operations.
Another notable feature of Ramp is its seamless integration with accounting systems. The platform can integrate with popular accounting software such as QuickBooks, Xero, and NetSuite, enabling businesses to sync their financial data effortlessly. This integration eliminates the need for manual data entry and ensures accurate and up-to-date financial information.
Ramp distinguishes itself from traditional expense management solutions by not charging any additional fees. The company operates on a transparent pricing model, where it earns revenue through interchange fees paid by merchants when Ramp's corporate cards are used. This means that businesses can benefit from the platform's features and services without incurring any extra costs.
Overall, Ramp provides businesses with a comprehensive expense management solution that combines corporate cards, automated expense tracking, cost-saving insights, and seamless accounting integration. By leveraging Ramp's platform, organizations can effectively manage their expenses, drive savings, and streamline their financial operations.
Founders:
Gene Lee
Eric Glyman
Karim Atiyeh
Top Investors:
Founders Fund
Coatue Management
D1 Capital Partners
Thrive Capital
Redpoint Ventures
Stripe
Goldman Sachs
Conversion Capital
Box Group
J Ventures
Funding Rounds
Round | Date | Post Money Val. (est.) | Amount | Price |
---|---|---|---|---|
Series D2 | 2024-05-09 | $7.65B | $150.00M | $25.00 |
Equity Crowdfunding | 2023-11-29 | $176.20K | ||
Series D | 2023-08-21 | $5.80B | $339.00M | $20.00 |
Series C3 | 2022-03-31 | $8.10B | $750.00M | $30.00 |
Series C | 2021-09-05 | $3.90B | $350.75M | $15.00 |
Series B | 2021-04-07 | $1.10B | $65.69M | $4.75 |
Series A | 2020-12-16 | $211.87M | $31.87M | $1.02 |
Series A | 2020-02-11 | $75.49M | $15.49M | $0.58 |
Early Stage VC | 2019-08-07 | $32.00M | $7.00M | |
Seed Round | 2019-07-10 | $15.00M | $4.50M | $0.21 |
In the News:
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