Economy · 19 d ago
Ramp raises US$1.85 billion at a US$60-billion valuation
Four months ago
US$44 billion
Now
US$60 billion
The expense management company is now valued at US$60 billion, four months after raising US$750 million at a US$44-billion valuation.
Ramp's customers, up from 70,000 in June
85,000 customers
Ramp says its annualized revenue has passed US$2 billion, up from a reported US$1.5 billion in June, and that it now has 85,000 customers, up from 70,000.
Where Ramp has expanded
- Payments
- Fraud detection
- Procurement
- Vendor management
- Accounting
Ramp has moved beyond expense management and built AI agents into its products, including a corporate credit card designed for AI agents to use.
And us?
The Ontario Teachers' Pension Plan is among the investors in the round, and Shopify is among Ramp's customers.
