Ramp

About Ramp

Financials

Dated, source-cited figures. Estimates are marked.

Products by Ramp

All products by Ramp reviewed by our AI panel of experts.

RampAI Finance

Corporate cards, expense management, and bill pay powered by AI

From $15/mo8.0/10

How Our Review Panel Scores Ramp

Six independent reviewer personalities assessed Ramp's product on their own terms. They disagreed by 4.2 points — The Skeptic was the hardest to convince, The Decision Maker the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Ramp competes with, and how they differ.

Brex7.9/10

Brex targets the same venture-backed, high-growth customer segment with corporate cards and spend management, but has pivoted further into enterprise banking/treasury services after scaling back its startup focus in 2022; Ramp has stayed centered on expense automation and AI-driven spend controls across company sizes.

1 product reviewed on TopReviewed

A

American Express

American Express is the legacy incumbent in corporate charge cards, with a far larger existing cardholder base and rewards ecosystem, but lacks Ramp's native software-driven expense automation and real-time controls; press coverage has repeatedly framed Ramp as explicitly targeting Amex's corporate-card customers.

Bill.com (Divvy)7.8/10

Bill.com's Divvy corporate-card and bill-pay platform competes directly with Ramp on card issuance and accounts-payable automation for small and mid-sized businesses, though Bill.com's core product remains invoice and bill-pay workflows rather than Ramp's broader finance-automation platform for scaling companies.

1 product reviewed on TopReviewed

N

Navan

Navan (formerly TripActions) combines travel booking with expense management, overlapping with Ramp's 2025-2026 push into travel via its Juno acquisition; Navan's core product is travel-booking infrastructure, while Ramp's is corporate card and spend controls with travel as an add-on.

Mercury8.3/10

Mercury is primarily a business-banking platform (FDIC-insured deposit accounts via partner banks) for startups that layers on a debit/charge card, whereas Ramp is card-and-spend-management-first with banking-adjacent features like Ramp Treasury; the two increasingly compete for the same startup finance-stack budget.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Ramp's history, with sources.

1. Jun 4, 2026Funding

   Series F — $750M at $44B valuation

   Ramp raised $750M in a Series F round at a $44B valuation, with investors betting on fintechs with an AI story; the round also came alongside a new AI-driven accounting product.

   news.google.com
2. Nov 17, 2025Funding

   $300M raised, valuation hits $32B led by Lightspeed

   Ramp raised $300M in a Lightspeed-led round at a $32B valuation, three months after its $22.5B round, while roughly doubling revenue and customers year-over-year.

   news.google.com
3. Sep 9, 2025Milestone

   Reaches $1B in annualized revenue

   Ramp announced it had crossed $1 billion in annualized revenue, roughly doubling from the $700M reported in March 2025.

   news.google.com
4. Jul 30, 2025Funding

   Series E-2 — $500M at $22.5B valuation

   Ramp raised $500M in a late-stage round valuing the company at $22.5B, 45 days after reaching $16B, to accelerate AI investment across its platform.

   news.google.com
5. Jan 30, 2024Acquisition

   Acquires procurement startup Venue

   Ramp acquired Venue to enhance its procurement product with purchase-request and vendor-management workflows.

   news.google.com
6. Aug 22, 2023Funding

   Series D — $300M to expand into new business categories

   Ramp raised a $300M Series D round to expand its financial-operations platform into new business categories including procurement.

   news.google.com
7. Jun 26, 2023Acquisition

   Acquires AI customer-support startup Cohere.io

   Ramp acquired Cohere.io, an AI-powered customer-support platform, as part of its early generative-AI product push.

   news.google.com
8. Mar 21, 2022Funding

   $750M raised, valuation hits $8.1B

   Ramp raised $750M, pushing its valuation to $8.1B, citing nearly 10x year-over-year revenue growth.

   news.google.com
9. Aug 24, 2021Funding

   Series C — $300M, valuation more than doubles to $3.9B

   Ramp raised $300M in a round that more than doubled its valuation to $3.9B in five months; Ramp also acquired negotiation-as-a-service startup Buyer the same day.

   news.google.com
10. Apr 8, 2021Funding

    Series B — $115M co-led by Stripe

    Ramp raised a $115M Series B round co-led by Stripe, reaching a $1.6B valuation.

    news.google.com
11. Feb 12, 2020Launch

    Launches corporate card, raises $25M seed/Series A round

    Ramp launched its corporate charge-card product, positioning itself against Brex and American Express, and raised $25M in early funding from Coatue and Keith Rabois.

    news.google.com
12. March 2019Founded

    Founded by Eric Glyman, Karim Atiyeh, and Gene Lee

    Ramp was founded in March 2019 in New York by Eric Glyman (CEO), Karim Atiyeh (CTO), and Gene Lee, who had previously built price-tracking app Paribus, acquired by Capital One in 2016.

    en.wikipedia.org