Ramp
Overview
Ramp is a financial technology company focused on optimizing business spending through spend management, corporate credit cards, and financial automation. Founded in March 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, the company is based in New York City and has expanded with additional offices in Miami and San Francisco. Ramp offers a platform that integrates expense management, bill payments, procurement processes, and corporate financial tools to foster time and cost savings for businesses. It has successfully raised over $1.4 billion in funding and reached a valuation of $16 billion as of June 2025.
Recent Developments
- June 2025: Ramp was named #6 on the 2025 CNBC Disruptor 50 list, recognizing its innovative financial solutions.
- April 2025: The company secured $150 million in a Series D extension, maintaining a valuation of $13 billion.
- March 2025: Announced a secondary market transaction raising an additional $150 million, boosting the company's valuation to $16 billion.
- January 2025: Integrations with key systems like Workday Financial Management aimed at streamlining data synchronization and automating financial processes were highlighted as transformative initiatives.
- February 2025: Ramp launched the "ON-RAMP" program, a $200 million initiative to establish workforce training centers to support advanced manufacturing careers in New York.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | March 2019 |
| Headquarters | New York City |
| Founders | Eric Glyman, Karim Atiyeh, Gene Lee |
| Revenue | >$300 million in annualized revenue as of 2024 |
| Valuation | $16 billion as of June 2025 |
| Key Investors | Thrive Capital, Khosla Ventures, Founders Fund |
| Industry | Fintech |
| Number of Employees | Over 1000 |
Early History
Ramp, founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, was born out of the founders' previous entrepreneurial journey with Paribus, a price tracking application acquired by Capital One. Leveraging this experience in financial operations, Ramp was established with a vision to address inefficiencies in corporate expense management. They innovated by integrating spend management tools with corporate cards and an intuitive expense tracking platform, aligning with their mission to save businesses time and money.
Company Profile and Achievements
Ramp provides an integrated suite of financial operations tools designed for efficiency and cost-effectiveness in business spending. The platform includes features for expense management, corporate card issuance, and automated financial workflow integration.
- The company introduced a distinguishing approach by offering corporate cards with unlimited 1.5% cash back, eliminating many typical card-related fees.
- Their "Smart Savings" initiatives utilize data analytics for expense predictions and cost optimization, which have reportedly saved clients over $2 billion and 20 million hours of labor.
- Key partnerships have expanded Ramp's offerings into treasury management, procurement, and advanced analytics through strategic acquisitions and integrations.
- Through continuous product development, Ramp has grown rapidly, achieving over $700 million in annualized revenue by early 2025.
Current Operations and Market Position
Ramp's current operations emphasize expanding its platform capabilities while penetrating new markets. The platform supports over 30,000 businesses across various sectors and facilitates financial transactions worth tens of billions annually.
- The company has made significant strides in AI-driven financial automation, further cementing its position in a competitive fintech landscape dominated by corporations seeking more efficient financial management solutions.
- Strategic expansions into domestic and international markets are supported by partnerships with major financial networks like Visa.
Conclusion
Ramp stands out as a leading innovator in fintech by creating an all-encompassing financial operations platform that delivers significant time and cost efficiencies to businesses. Brewing advancements in automation and AI, coupled with strategic partnerships and expansions, position Ramp favorably for ongoing growth. With a solid foundation and a clear mission, Ramp is set to reshape financial management practices, anticipating further innovation and influence in the global market.