Ramp raises $750 million at $44 billion valuation

Investing.com -- Financial technology company Ramp announced today it secured $750 million in fresh funding at a $44 billion valuation, representing a substantial increase from its $32 billion valuation in November.

ICONIQ, GIC, and Ontario Teachers' Pension Plan led the funding round. Goldman Sachs Alternatives, D.E. Shaw and Morgan Stanley Investment Management provided additional backing. Previous investors Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price and General Catalyst participated in the round.

The company, established in 2019, provides corporate cards, payment services and expense management applications. More than 70,000 organizations use its platform, ranging from family farms and space startups to Fortune 100 companies, according to the company.

Ramp reported that its customers have saved over $12 billion and 27 million hours using its services. Data from May 2026 showed the median customer saved 50% more money and 32% more time annually compared to the previous year. Customers using the complete suite of products more than doubled those savings, the company stated.

"We're growing as fast as we were three years ago, at roughly twenty times the size, and that's because finance is going through the biggest structural change since the spreadsheet," said Eric Glyman, co-founder and CEO of Ramp, in a statement.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Active options: AVGO MSTR PLTR SNDK SMCI NBIS MSFT META GOOGL NU NFLX ONDS
• Full Circle Lithium closes $5.14M private placement