Ramp

Ramp is a financial operations platform that businesses use to run corporate spending end to end. Founded in 2019 and headquartered in New York City, the company launched its first corporate card in February 2020 with the argument that "a dollar saved is 100x better than a reward point earned," and has since built out five product lines: corporate cards and expense management, bill payments, procurement, travel booking and treasury. More than 70,000 businesses in over 200 countries now run on the platform, from family farms to the Fortune 100, with named customers including Visa, Uber, Shopify, Anduril, Figma, Notion and Cursor.

The business is built on the spend it moves and the software layered on top of it. As of 1 June 2026 Ramp was enabling roughly $200 billion in annualized purchase volume, carried more than $1 billion in annualized revenue, and was free cash flow positive; more than 3,200 customers each contributed $100,000 or more of annualized revenue, a base growing over 100% year over year. Ramp first crossed $1 billion in annualized revenue in August 2025, five years after the card launched, and says its median customer saves 5% and grows revenue 16% in their first year on the platform.

That growth has repriced the company quickly. A $750 million Series F announced on 4 June 2026, led by ICONIQ, GIC and Ontario Teachers' Pension Plan, valued Ramp at $44 billion — nearly triple its valuation a year earlier — and took total equity raised past $3 billion. Ramp competes with Brex, which was acquired by Capital One for $5.15 billion, and with Rippling, which bundles spend management alongside HR, IT and payroll.

Ramp's current push is to automate the finance function outright. It shipped its first autonomous AI agents in July 2025, which it says catch 15x more policy violations while cutting manual review work by 85%, and has since added agents across procurement and accounting. In 2026 it acquired Billhop to open licensed UK and EU operations, acquired the guest-travel platform Juno, deepened its Visa issuing partnership to let AI agents execute corporate bill pay, launched Ramp Stack as an AI operating system for accounting firms, opened in Canada with a Toronto office, and launched Router.com to route and price companies' AI model spend.