Ramp, a leading financial operations platform known for its all-in-one solution for corporate finance management, has secured $150m through a secondary share sale.
The $150m secondary transaction was backed by prominent investors including Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital. The deal values Ramp at approximately $13bn.
Ramp, founded in 2019, provides a comprehensive platform designed to streamline financial operations for businesses. Its offering spans corporate cards, expense management, bill payments, procurement, travel booking, and treasury solutions — all aimed at eliminating inefficiency and financial waste. The platform has gained significant traction with over 30,000 businesses now using its services.
With this latest capital injection, Ramp intends to accelerate its product development, particularly focusing on expanding its artificial intelligence capabilities to automate more financial processes.
Over the past year, Ramp has introduced several new products, including Ramp Procurement, Ramp Travel, and Ramp Treasury. It also launched the Ramp App Center, which now offers more than 200 integrations with over 75 technology partners.
The company has achieved 30% adoption of Ramp Plus, its premium software tier, among new customers. In terms of scale, Ramp now processes more than $55bn in annualised payment volume across card transactions and bill payments.
Ramp co-founder and CEO Eric Glyman said, “We’re obsessed with one goal: giving businesses back their time and money. Every product we build, every feature we launch, is focused on eliminating financial waste and busywork so companies can run more profitably. AI is fundamentally changing how businesses operate, and we’re ensuring our customers are at the forefront of this transformation.”
Stripes founder and managing partner Ken Fox said, “Ramp’s ability to execute across multiple product lines while maintaining extraordinary growth and efficiency at scale puts them in an elite class of software businesses, exemplifying Stripes’ focus on truly amazing products and teams that are obsessed with compounding value for customers over time.
“With AI deeply embedded in its roadmap, Ramp is uniquely positioned to lead the next wave of automation across the full stack of financial operations.”
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