Ramp joined the Unicorn Club on April 8, 2021, after becoming one of the fastest-growing fintech companies in the corporate finance sector. Headquartered in New York City, New York, United States, Ramp provides spend management, corporate cards, and accounts payable automation solutions designed to help businesses control expenses, streamline financial workflows, and enhance operational efficiency.
Its platform unifies card issuance, expense reporting, and accounting integration, helping finance teams eliminate manual processes while gaining full visibility into company-wide spending. Beyond expense management, Ramp has expanded into travel and procurement automation, cementing its place as a comprehensive financial operations platform.
Keep reading to learn how Ramp scaled from startup to a $22.5B fintech leader.
What Is Ramp and What Does It Do?
Founded in 2019, Ramp is a financial technology platform designed to automate and optimize how companies spend, track, and manage their finances. It offers corporate cards, bill payment automation, reimbursement management, and real-time spend analytics integrated directly with accounting systems such as QuickBooks, NetSuite, and Xero.
Ramp’s platform uses AI-driven insights to identify cost savings, prevent wasteful spending, and streamline compliance. Its approval workflows and customizable policies empower finance teams to manage budgets efficiently while maintaining financial transparency.
The company has also introduced travel and procurement management features, positioning Ramp as an all-in-one solution for business finance automation.
How Much Funding Has Ramp Raised?
1. Series E Round
- Amount Raised: $514 million
- Date: July 28, 2025
- Valuation: $22.5 billion
- Lead Investors: T. Rowe Price, equitywestsecurities.com
- Purpose: Strengthen AI-driven financial automation, expand the global payments network, and scale procurement and travel solutions
2. Earlier Rounds (Seed to Series D)
- Cumulative Funding: ~$1.62 billion
- Key Investors: Founders Fund, Thrive Capital, Redpoint Ventures
- Purpose: Build out automation infrastructure, expand enterprise client base, and enhance integrations
Total Funding Raised: ~$2.13 billion
Latest Funding Date: July 28, 2025
Latest Known Valuation: ~$22.5 billion
Employee Count: 201–500 (as of July 1, 2024)
Key Investors
1. T. Rowe Price
- Details: Global investment management firm investing in high-growth companies across technology and finance.
- Focus Areas: FinTech, SaaS, and enterprise automation.
2. equitywestsecurities.com
- Details: Investment platform supporting innovative technology companies at the growth and late stages.
- Focus Areas: Financial services, AI-driven infrastructure, and business automation platforms.
3. Founders Fund
- Details: Venture capital firm known for backing disruptive technology and finance startups.
- Focus Areas: FinTech, automation, and enterprise software.
4. Thrive Capital
- Details: Investment firm supporting technology companies building large-scale, impactful solutions.
- Focus Areas: FinTech, productivity platforms, and B2B software.
5. Redpoint Ventures
- Details: Early and growth-stage VC firm investing in transformative technology and software startups.
- Focus Areas: SaaS, cloud platforms, and automation technology.
Where Is Ramp’s Headquarters?
Ramp is headquartered in New York City, New York, United States, where its teams focus on financial automation, software engineering, AI development, and customer success.
What’s Next for Ramp?
Ramp is expanding its AI-driven financial operations platform, integrating deeper procurement and travel solutions while continuing to optimize spend analytics. The company aims to become the default financial management platform for mid-sized and enterprise companies worldwide, combining automation, compliance, and real-time financial intelligence.
With its rapid product innovation and enterprise adoption, Ramp continues to redefine how businesses manage and optimize corporate spending.
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