Ramp has secured $150m through a secondary share sale, which valued the US financial operations platform at $13bn.
The sale saw the participation of new and previous backers such as
Go deeper with GlobalData
Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital.
They bought Ramp secondaries from employees as well as early investors.
Ramp claims to have saved its customers over $2bn and 20 million hours so far.
The company now powers over $55bn in annualised payment volume across card transactions and bill payments, compared with $10bn in January 2023.
Between January 2024 and January 2025, Ramp launched three marquee product lines: Ramp Procurement, Ramp Travel, and Ramp Treasury.
Additionally, the company introduced the Ramp App Center, which has over 200 integrations from more than 75 technology partners.
Ramp Plus, the company’s “premium software tier”, has seen over 30% adoption among new “customer cohorts”.
The company named its new customers include notable companies such as CBRE, Crumbl, Notion, OLIPOP, Pave America, Repipe Specialists, Sbarro, Spindrift, Vanta, and ZipRecruiter.
Since its inception with a corporate card in 2019, Ramp has diversified its offerings to include six distinct product lines, with expense management, bill payments, procurement, travel booking, and treasury services.
Three of these product lines were launched in the past year, and “nearly half of Ramp customers now use more than one product”, the company release said.
With a customer base of over 30,000, Ramp is planning to speed up product development with a focus on AI capabilities in 2025.
Ramp CEO and co-founder 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.”
Glyman added: “In the next five years, we’ll look back at how companies run their finances today and it will feel as outdated as manual bookkeeping.”
