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, Karim Atiyeh (Co-CEOs). Based in New York, NY, USA. Total funding raised: $3+ 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, Iconiq Growth, Ontario Teachers' Pension Plan, Goldman Sachs Alternatives.
AMW Analysis
Ramp operates an AI-powered financial operations platform for businesses, combining corporate cards, expense management, bill payments, procurement, and accounting automation under one system, with the stated goal of helping companies cut wasteful spending and save time. Founded in 2019 and based in New York, the company has raised more than $3 billion to date, backed by investors including Founders Fund, Sequoia Capital, Thrive Capital, Stripe, and Goldman Sachs Alternatives, among others. Its funding trajectory has accelerated sharply: a Series E of $300 million in November 2025 valued the company at $32 billion, followed within months by a $750 million raise at a $44 billion valuation, nearly tripling that valuation in about a year, with participation from ICONIQ, GIC, Ontario Teachers' Pension Plan, D.E. Shaw, and Morgan Stanley Investment Management.
The surrounding news flow also shows a competitive field responding to the same AI-driven expense-management trend, with rivals such as Slash raising capital at billion-dollar-plus valuations and American Express acquiring an AI expense-management startup to compete directly. Ramp's founders have also appeared as investors in adjacent AI startups, and third-party vendors serving compliance functions list Ramp among their clients, indicating integration into a broader AI-fintech ecosystem.
AMW analysis, generated from 7 tracked news signals.
- Founded
- 2019
- Headquarters
- New York, NY, USA
- Total funding
- $3+ 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 70,000 businesses, including Shopify, CBRE, Anduril, Notion, Visa, Uber, Figma, Cursor, 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, rising to $32 billion by Nov 2025 and $44 billion after a $750M Series F in June 2026., Karim Atiyeh promoted to Co-CEO alongside Eric Glyman (2026)., Acquired several companies including Venue, Buyer, and Cohere.io to enhance platform capabilities.
Growth metrics
Reached over $1 billion in annualized revenue and $200 billion in annualized purchase volume (Jun 2026); TPV grew ~170% YoY in March 2026, fastest growth rate in three years.
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, Karim Atiyeh (Co-CEOs)
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.
Latest news about Ramp
- Ramp Launches Router, a Multi-Model Gateway for Enterprise AI Spend
- Ramp raises $750M at $44B valuation as AI expense management fuels growth
- American Express announces acquisition of AI-powered expense management startup Hyper.
- Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation
- Slash closed a $100M Series C at a $1.4B valuation, earmarked to scale its AI‑driven business banking platform globally. The fintech aims to serve the under‑penetrated B2B market, targeting the 95% of
More AI in Fintech companies
Official website: https://ramp.com/
