Ramp

Corporate cards and finance automation platform.

About

Founded

2019

Headquarters

New York, New York

Industry

Fintech

Company Description

Ramp is the ultimate platform for modern finance teams. Combining corporate cards with expense management, bill payments, vendor management, accounting automation and more, Ramp is the all-in-one solution designed to save businesses time and money, and free finance teams to do the best work of their lives.

Quick Links

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Funding

Total Raised

$1.2 billion

Valuation

$7.65 billion

Significant Investors

Founders Fund, Redpoint Ventures, Lux Capital, Spark Capital, General Catalyst, Coatue, Contrary Capital, Sands Capital, 8VC, Khosla Ventures

Company Traction

Ramp has 300,000+ users (~13,000 companies), processes $10 billion annually, and supports 195 countries and 40+ currencies. Customers include Deel, Faire, Quora, Waymo, Attentive, Glossier, Eight Sleep, and Betterment.

As of August 2023, Ramp has surpassed $300 million in annualized revenue.

As of August 2023, Ramp serves 15,000 businesses, up from 5,000 in March.

Between March 2022 and August 2023, Ramp increased its customer base by 4x and annual purchase volume by 6x.

As of August 2023, the average Ramp customer spends 3.5% less after joining.

As of July 2023, Ramp’s saving insights, pricing intelligence, and expert negotiators have saved companies over $600 million and 8.5 million hours.

Between January 2023 and July 2023, Ramp's customers with international operations increased by 2x.

Ramp announced a partnership with Amazon Business to help streamline business purchasing and help customers save time and money.

Leadership Team

Eric Glyman: Co-Founder & CEO of Ramp. Former Co-Founder & CEO of Paribus.

Karim Atiyeh: Co-Founder & CTO of Ramp. Former Co-Founder & CTO of Paribus.

Colin Kennedy: Chief Business Officer at Ramp. Former Global Head of Partnerships at Stripe.

Geoff Charles: VP of Product at Ramp. Former Group Product Manager at Mission Lane.‍

Gene Lee: Co-Founder at Ramp. Former Senior Engineering Manager at Capital One.

Press

TechCrunch (March 29, 2023): Ramp reports 4x revenue growth, says it still has ‘vast majority’ of equity funding

Forbes (November 14, 2022): They Built Ramp Into An $8 Billion Company In Under 3 Years: The Inside Story Of How They Did It‍

Not Boring (March 21, 2022): Ramping Up