Ramp
Category: AI in Fintech
An all-in-one, AI-powered financial operations platform that combines corporate cards, expense management, bill payments, procurement, and accounting automation to help businesses save time and money. Ramp was founded in 2019. The company is led by Eric Glyman. Based in New York, NY, USA. Team size: 40,000. Total funding raised: $2.7 billion. Latest round: Series E ($300M, Nov 2025) at $32B valuation. Key investors include Founders Fund, Khosla Ventures, Thrive Capital, Sequoia Capital, Greylock, GIC, D1 Capital Partners, Stripe, General Catalyst.
- Founded
- 2019
- Headquarters
- New York, NY, USA
- Team size
- 40,000
- Total funding
- $2.7 billion
Value proposition
To provide businesses with tools to automate financial operations, eliminate wasteful spending, and improve overall efficiency, ultimately saving them time and money.
Products and solutions
Corporate Cards, Expense Management, Bill Payments & Accounts Payable, Vendor Management, Procurement, Travel Management, Treasury/Yield Management Accounts, Accounting Automation
Unique value
Ramp's core differentiation lies in its focus on actively saving customers money through AI-driven spend controls and insights, rather than just tracking expenses. It integrates a comprehensive suite of financial tools into a single platform, moving beyond just a corporate card.
Target customer
Businesses of all sizes, from startups and family farms to large enterprises, seeking to automate financial operations and control spending.
Industries served
Technology, Healthcare, Non-profits, Retail, Agriculture, Professional Services, Government
Technology advantage
Leverages AI to automate expense reporting, enforce spending policies, identify savings opportunities, and streamline procurement. Its business model of offering free software subsidized by interchange fees provides a low barrier to entry.
How they differentiate
Ramp differentiates by positioning itself as a cost-saving platform, proactively preventing wasteful spend. Its integrated bill pay, procurement, and automation tools create a more comprehensive finance operations platform.
Main competitors
Brex, Navan (formerly TripActions), Airbase, Mercury
Key partnerships
Acquired AI-startup Venue to bolster procurement offerings., Partners with banks like First Internet Bank of Indiana and brokerages like Apex Clearing Corporation for its Treasury and yield-generating products.
Notable customers
Serves over 40,000 businesses, including Shopify, CBRE, Anduril, Notion, and others.
Major milestones
Founded in 2019. Reached $100M annualized revenue in under 3 years. Expanded product suite to include bill pay, accounting automation, and procurement. Achieved a valuation of $16 billion in June 2025 after Series E funding. Acquired several companies including Venue, Buyer, and Cohere.io to enhance platform capabilities.
Growth metrics
Reached over $700 million in annualized revenue (Jan 2025). Powers over $55 billion in annualized payment volume. Grew from $100M ARR to over $300M ARR in about a year (2022-2024).
Market positioning
A market leader in the finance automation space, positioned as a premium, all-in-one platform for companies focused on financial discipline and efficiency.
Geographic focus
Primarily United States, with some global capabilities for its corporate cards.
Patents and IP
No public information on specific patents disclosed.
About Eric Glyman
Eric Glyman is a seasoned entrepreneur and executive with a background in economics and East Asian studies from Harvard. He co-founded Paribus, a price-tracking app acquired by Capital One, and is currently the CEO and co-founder of Ramp, a finance automation platform.
Official website: https://ramp.com/