Ramp's $200 Million Series E: A Financial Revolution in the Making
June 18, 2025, 3:33 am
Location: United States, Ohio, Toledo
Employees: 201-500
Founded date: 2019
Total raised: $2.27B
Location: United States, California, Irvine
Employees: 501-1000
Founded date: 2017
Total raised: $6.13B
In the bustling world of finance, where every second counts, Ramp is carving a niche. The New York City-based financial operations platform recently announced a significant milestone: a $200 million Series E funding round, elevating its valuation to a staggering $16 billion. This funding round, led by Founders Fund, attracted a host of prominent investors, including Thrive Capital, D1 Capital Partners, and General Catalyst, among others. With this latest injection of capital, Ramp has amassed a total of $1.4 billion in equity financing.
Ramp is not just another player in the finance game; it’s a game-changer. The company’s mission is clear: to save businesses time and money, often without them even realizing it. In a landscape where efficiency is king, Ramp is a knight in shining armor.
Over the past year, Ramp has achieved remarkable feats. It has saved its customers a whopping $10 billion and 27.5 million hours. That’s not just a number; it’s a testament to the platform’s effectiveness. With over 40,000 companies in its portfolio, including heavyweights like Shopify and CBRE, Ramp is proving its worth. The platform handles more than $80 billion in annualized purchase volume, a figure that speaks volumes about its reach and reliability.
Ramp’s product suite is as diverse as it is powerful. It includes corporate cards, expense management, bill payments, procurement, travel booking, and treasury services. The beauty of Ramp lies in its integration. Half of its customers utilize two or more products, creating a seamless experience that enhances productivity.
The past year has seen Ramp double the percentage of employee expense reports that are fully completed and coded without human intervention. This is no small feat. The platform has also cut the time spent on administrative tasks by over 50%. Imagine slashing the hours spent on reviewing expenses, approving trips, and paying bills. That’s the kind of efficiency Ramp delivers.
Ramp’s innovations are not just about speed; they’re about intelligence. The platform has launched over 300 new features, making it easier for users to navigate and utilize its offerings. Remarkably, customer inquiries have decreased by 34%, indicating that the platform is intuitive and user-friendly. Users are getting three times more work done per minute than they did just two years ago.
The new features are where Ramp truly shines. The AI-driven card and expense management system auto-fills memos and categories as soon as a transaction clears. It flags out-of-policy expenses and suggests memos for transactions needing human context. This level of automation is a game-changer for finance teams, allowing them to focus on strategic tasks rather than getting bogged down in minutiae.
In procurement, Ramp’s Price and Seat Intelligence benchmarks every SaaS quote against anonymized market data. If a company is paying above the 80th percentile or holding unused seats, Ramp highlights the discrepancy and recommends a target price. This proactive approach helps businesses save money and optimize their spending.
Ramp’s treasury services are equally impressive. The cash forecasting feature predicts liquidity needs and sweeps idle funds into higher-yield instruments. When payroll or vendor runs approach, Ramp automatically pulls cash back, ensuring businesses earn more without risking overdrafts. It’s like having a financial advisor in your pocket, always looking out for your best interests.
Despite its rapid growth, Ramp acknowledges that it has only scratched the surface. Currently serving just 1.5% of the U.S. market, the company sees immense potential ahead. The goal is ambitious: to save millions of companies trillions of dollars and hours each year. This vision drives Ramp’s relentless pursuit of innovation and excellence.
The financial landscape is evolving, and Ramp is at the forefront of this transformation. With its unique blend of technology and finance, the company is redefining what it means to manage financial operations. It’s not just about tools; it’s about creating a holistic ecosystem that empowers businesses to thrive.
As Ramp continues to expand its operations and development efforts, the implications for the finance industry are profound. The infusion of $200 million will fuel innovation, enhance product offerings, and ultimately, reshape how companies approach financial management.
In a world where time is money, Ramp is the ultimate time-saver. It’s a platform that understands the pulse of modern business. With each new feature and improvement, Ramp is not just keeping pace; it’s setting the pace.
In conclusion, Ramp’s recent funding round is more than just a financial milestone; it’s a signal of the company’s potential to revolutionize the finance sector. As it continues to innovate and expand, businesses can expect to see a shift in how financial operations are managed. The future is bright for Ramp, and for the companies that choose to partner with it. The journey has just begun, and the possibilities are endless.
Ramp is not just another player in the finance game; it’s a game-changer. The company’s mission is clear: to save businesses time and money, often without them even realizing it. In a landscape where efficiency is king, Ramp is a knight in shining armor.
Over the past year, Ramp has achieved remarkable feats. It has saved its customers a whopping $10 billion and 27.5 million hours. That’s not just a number; it’s a testament to the platform’s effectiveness. With over 40,000 companies in its portfolio, including heavyweights like Shopify and CBRE, Ramp is proving its worth. The platform handles more than $80 billion in annualized purchase volume, a figure that speaks volumes about its reach and reliability.
Ramp’s product suite is as diverse as it is powerful. It includes corporate cards, expense management, bill payments, procurement, travel booking, and treasury services. The beauty of Ramp lies in its integration. Half of its customers utilize two or more products, creating a seamless experience that enhances productivity.
The past year has seen Ramp double the percentage of employee expense reports that are fully completed and coded without human intervention. This is no small feat. The platform has also cut the time spent on administrative tasks by over 50%. Imagine slashing the hours spent on reviewing expenses, approving trips, and paying bills. That’s the kind of efficiency Ramp delivers.
Ramp’s innovations are not just about speed; they’re about intelligence. The platform has launched over 300 new features, making it easier for users to navigate and utilize its offerings. Remarkably, customer inquiries have decreased by 34%, indicating that the platform is intuitive and user-friendly. Users are getting three times more work done per minute than they did just two years ago.
The new features are where Ramp truly shines. The AI-driven card and expense management system auto-fills memos and categories as soon as a transaction clears. It flags out-of-policy expenses and suggests memos for transactions needing human context. This level of automation is a game-changer for finance teams, allowing them to focus on strategic tasks rather than getting bogged down in minutiae.
In procurement, Ramp’s Price and Seat Intelligence benchmarks every SaaS quote against anonymized market data. If a company is paying above the 80th percentile or holding unused seats, Ramp highlights the discrepancy and recommends a target price. This proactive approach helps businesses save money and optimize their spending.
Ramp’s treasury services are equally impressive. The cash forecasting feature predicts liquidity needs and sweeps idle funds into higher-yield instruments. When payroll or vendor runs approach, Ramp automatically pulls cash back, ensuring businesses earn more without risking overdrafts. It’s like having a financial advisor in your pocket, always looking out for your best interests.
Despite its rapid growth, Ramp acknowledges that it has only scratched the surface. Currently serving just 1.5% of the U.S. market, the company sees immense potential ahead. The goal is ambitious: to save millions of companies trillions of dollars and hours each year. This vision drives Ramp’s relentless pursuit of innovation and excellence.
The financial landscape is evolving, and Ramp is at the forefront of this transformation. With its unique blend of technology and finance, the company is redefining what it means to manage financial operations. It’s not just about tools; it’s about creating a holistic ecosystem that empowers businesses to thrive.
As Ramp continues to expand its operations and development efforts, the implications for the finance industry are profound. The infusion of $200 million will fuel innovation, enhance product offerings, and ultimately, reshape how companies approach financial management.
In a world where time is money, Ramp is the ultimate time-saver. It’s a platform that understands the pulse of modern business. With each new feature and improvement, Ramp is not just keeping pace; it’s setting the pace.
In conclusion, Ramp’s recent funding round is more than just a financial milestone; it’s a signal of the company’s potential to revolutionize the finance sector. As it continues to innovate and expand, businesses can expect to see a shift in how financial operations are managed. The future is bright for Ramp, and for the companies that choose to partner with it. The journey has just begun, and the possibilities are endless.