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 $6 billion of annualized payments volume and has delivered over $600M in savings for their 15,000 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, Sands Capital Ventures, Block, and others. The company raised $300M in a Series D round on Aug 22, 2023. This brings Ramp's total funding to $1.67B to date. The latest round lowered the company's valuation to $5.8B, from Ramp's previous $8.1B attained after a $750M financing in Mar 2022.