Wallets/ramp
Ramp
0 standards supported
Overview
Ramp is US business spend management + corporate card fintech + ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue +54% YoY + $100B+ annual purchase volume + $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 [1, 2, us-cro]. 2025 baseline: Ramp ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue (doubled from ~$500M to $1B+ in 12 months through Nov 2025); $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 distinctive US business spend management + corporate card fintech valuation milestones; Customers include CBRE + Shopify + Anduril + Figma + Notion + Cursor distinctive US business spend management + corporate card fintech enterprise customer base; Free-cash-flow generation + underlying profitability +153% YoY distinctive US business spend management + corporate card fintech profitability.
Distinctive Ramp positioning:
- US business spend management + corporate card fintech (Ramp Business Corporation; ramp.com)
- ~50,000+ customers + 2,200+ enterprise customers +133% YoY distinctive US business spend management + corporate card fintech scale
- $1B+ annualized revenue +54% YoY distinctive US business spend management + corporate card fintech revenue scale
- $100B+ annual purchase volume distinctive US business spend management + corporate card fintech transaction volume
- $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 distinctive US business spend management + corporate card fintech valuation milestones
- Customers include CBRE + Shopify + Anduril + Figma + Notion + Cursor distinctive US business spend management + corporate card fintech enterprise customer base
- Free-cash-flow generation + underlying profitability +153% YoY distinctive US business spend management + corporate card fintech profitability
- 2019 Ramp founding by Eric Glyman + Karim Atiyeh + Gene Lee post-Paribus success acquired by Capital One distinctive US business spend management + corporate card fintech founder heritage
History
2019 — Ramp founded by Eric Glyman + Karim Atiyeh + Gene Lee post-Paribus success acquired by Capital One as US business spend management + corporate card fintech.
2020 — Ramp corporate card launches as US business spend management + corporate card fintech.
Nov 2025 — Ramp $32B valuation post-$300M Series F funding round led by Lightspeed Venture Partners + Ramp grew its enterprise customer base by 133% year over year, with more than 2,200 customers + Revenue grew from roughly $500M to over $1B in the twelve months through November 2025, with underlying profitability growing 153% year-over-year over the same period [1, 2].
May 2026 — Ramp in talks to raise $750M at a pre-money valuation above $40B [3].
Since 2019 launch — Ramp total equity raised $2.3B post-fourth fundraise of 2025.
Ownership & operator
Operating entity: Ramp Business Corporation (privately-held; $32B valuation Nov 2025; talks for $750M raise at $40B+ valuation May 2026).
Major shareholders: Eric Glyman (co-founder + CEO) + Karim Atiyeh (co-founder) + Gene Lee (co-founder) + Lightspeed Venture Partners + Founders Fund + Stripe + Coatue + Iconiq Growth + Sands Capital + Khosla Ventures + 8VC + D1 Capital + Definition + ICONIQ Growth + Redpoint Ventures + Sequoia Capital + Avenir Growth + Altimeter + Avenir + others + total equity raised $2.3B since 2019 launch.
Regulators: FDIC + OCC (via partner banks Celtic Bank + Sutton Bank + others).
Technical integration
Ramp mobile app (iOS + Android) + ramp.com online + Ramp Visa corporate card + Ramp Bill Pay + Ramp Travel + Ramp Procurement + Ramp Treasury; ACH + RTP + Fedwire + SWIFT; US business spend management + corporate card fintech using partner-issued banking model via Celtic Bank + Sutton Bank + others distinctive US business spend management + corporate card fintech BaaS model + AI-driven spend management with built-in expense management + bill pay + procurement + travel distinctive US business spend management + corporate card fintech AI-driven product expansion.
Users & growth
Nov 2025: Ramp ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue +54% YoY + $100B+ annual purchase volume + $32B valuation + free-cash-flow generation + underlying profitability +153% YoY.
Use cases
US + international (CA + GB + EU) retail + private + business + startup + enterprise + corporate card + spend management + bill pay + procurement + travel + treasury banking via Ramp mobile + ramp.com online + Visa corporate card + Ramp Bill Pay + Ramp Travel + Ramp Procurement + Ramp Treasury; ACH + RTP + Fedwire + SWIFT; US business spend management + corporate card fintech using partner-issued banking model via Celtic Bank + Sutton Bank + others distinctive US business spend management + corporate card fintech BaaS model + AI-driven spend management with built-in expense management + bill pay + procurement + travel distinctive US business spend management + corporate card fintech AI-driven product expansion.
Implementations & partners
Operator: Ramp Business Corporation (privately-held; $32B valuation Nov 2025; talks for $750M raise at $40B+ valuation May 2026); Eric Glyman (co-founder + CEO) + Karim Atiyeh (co-founder) + Gene Lee (co-founder) + Lightspeed Venture Partners + Founders Fund + Stripe + Coatue + Iconiq Growth + Sands Capital + Khosla Ventures + 8VC + D1 Capital + Definition + ICONIQ Growth + Redpoint Ventures + Sequoia Capital + Avenir Growth + Altimeter + Avenir + others + total equity raised $2.3B since 2019 launch.
Partner banks: Celtic Bank + Sutton Bank + others distinctive US business spend management + corporate card fintech BaaS model.
Enterprise customer ecosystem: CBRE + Shopify + Anduril + Figma + Notion + Cursor distinctive US business spend management + corporate card fintech enterprise customer base.
Major US business banking + startup banking + spend management competitors: [[mercury]] (US business banking fintech for startups + small businesses; ~200,000 companies and individuals served; $5.2B valuation post-May 2026 $200M Series D; 75 NPS) + [[brex]] (US business banking + corporate card startup; ~25,000 businesses; $700M annualized revenue + Capital One $5.15B acquisition; peak $12.3B valuation 2022) + [[novo]] (US business banking fintech for SMBs) + [[bluevine]] (US business banking fintech for SMBs) + [[lili-bank]] (US business banking fintech for freelancers + small business) + [[grasshopper-bank]] (US business banking + nationally chartered banking for startups) + [[silicon-valley-bank]] (US SVB; First Citizens BancShares post-Mar 2023 collapse acquisition) + [[divvy]] (US business spend management; BILL acquired) + [[airbase]] (US business spend management; Paylocity acquired) + [[expensify]] (US business expense management; NASDAQ: EXFY).
Regulators: FDIC + OCC (via partner banks).
Fun facts
- US business spend management + corporate card fintech (Ramp Business Corporation; ramp.com).
- ~50,000+ customers + 2,200+ enterprise customers +133% YoY distinctive US business spend management + corporate card fintech scale.
- $1B+ annualized revenue +54% YoY distinctive US business spend management + corporate card fintech revenue scale.
- $100B+ annual purchase volume distinctive US business spend management + corporate card fintech transaction volume.
- $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 distinctive US business spend management + corporate card fintech valuation milestones.
- Customers include CBRE + Shopify + Anduril + Figma + Notion + Cursor distinctive US business spend management + corporate card fintech enterprise customer base.
- Free-cash-flow generation + underlying profitability +153% YoY distinctive US business spend management + corporate card fintech profitability.
- 2019 Ramp founding by Eric Glyman + Karim Atiyeh + Gene Lee post-Paribus success acquired by Capital One distinctive US business spend management + corporate card fintech founder heritage.
Comparison
| Feature | Ramp | [[brex]] (US business banking + corporate card startup rival; ~25,000 businesses; Capital One $5.15B acquisition) | [[mercury]] (US business banking fintech rival; ~200,000 companies served; $5.2B valuation post-May 2026 $200M Series D) | [[novo]] (US business banking fintech for SMBs rival) | [[divvy]] (US business spend management rival; BILL acquired) |
|---|---|---|---|---|---|
| Operator | Ramp Business Corporation (privately-held; $32B valuation Nov 2025; talks for $750M raise at $40B+ valuation May 2026) | Brex Inc. (privately-held; pre-Capital One $5.15B acquisition announced; peak $12.3B valuation 2022) | Mercury Technologies Inc. (privately-held; $5.2B valuation post-May 2026 $200M Series D) | Novo Platform Inc. (privately-held) | Divvy (BILL acquired; NYSE: BILL) |
| Type | ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue +54% YoY + $100B+ annual purchase volume + $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 + Customers include CBRE + Shopify + Anduril + Figma + Notion + Cursor + free-cash-flow generation + underlying profitability +153% YoY | ~25,000 businesses + $700M annualized revenue + Q1 2025 enterprise revenue grew 70% + enterprise net revenue retention exceeded 130% + operating-cash-flow positive Oct 2025 + Capital One $5.15B acquisition (58% contraction from 2021 peak $12.3B valuation) | ~200,000 companies and individuals served + 75 NPS (vs 34 industry average) + Used by more than half of all Y Combinator cohorts + $5.2B valuation post-May 2026 $200M Series D | US business banking fintech for SMBs | US business spend management + BILL acquired |
| Country | US + CA + GB + EU | US + CA + GB + MX + BR | US | US | US |
| Distinctive | 2019 Ramp founding by Eric Glyman + Karim Atiyeh + Gene Lee post-Paribus success acquired by Capital One; 2020 Ramp corporate card launch; Nov 2025 $32B valuation post-$300M Series F funding round led by Lightspeed Venture Partners; May 2026 talks to raise $750M at a pre-money valuation above $40B; Total equity raised $2.3B since 2019 launch | 2017 Brex founding by Henrique Dubugras + Pedro Franceschi (both Brazilian fintech founders post-Pagar.me success); Mar 2026 Capital One $5.15B acquisition announced | 2017 Mercury founding by Immad Akhund + Max Tayenthal + Jason Zhang + Daragh Murphy; 2019 Mercury mobile app launch; Mar 2025 $300M Series C at $3.5B valuation led by Sequoia Capital; May 2026 $200M Series D at $5.2B valuation | 2016 Novo founding | 2016 Divvy founding; 2021 BILL $2.5B acquisition |
Status
Active, ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue +54% YoY + $100B+ annual purchase volume + $32B valuation Nov 2025 + talks for $750M raise at $40B+ valuation May 2026 [1, 2, 3]:
- Ramp Business Corporation (privately-held; $32B valuation Nov 2025; talks for $750M raise at $40B+ valuation May 2026) since 2019 Ramp founding by Eric Glyman + Karim Atiyeh + Gene Lee post-Paribus success acquired by Capital One + 2020 Ramp corporate card launch + Nov 2025 $32B valuation post-$300M Series F funding round led by Lightspeed Venture Partners + May 2026 talks to raise $750M at a pre-money valuation above $40B.
- Ramp ~50,000+ customers + 2,200+ enterprise customers +133% YoY + $1B+ annualized revenue +54% YoY + $100B+ annual purchase volume.
- Customers include CBRE + Shopify + Anduril + Figma + Notion + Cursor.
- FDIC + OCC regulated (via partner banks Celtic Bank + Sutton Bank + others).
Sources
- 1 Ramp Hits $32B Valuation After $300M Raise: Inside the Biggest Spend-Management Deal of 2025 — Dakota
- 2 Ramp at $32 billion: Money talks. Now It thinks — Ramp
- 3 Spend-Management Startup Ramp Eyes $750M Funding at Over $40B Valuation — citybiz
- us-cro In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from ramp.md. See matrix.md for standards-support matrix if present.