Ramp Raises Series F at $44 Billion Valuation
The startup said positive free cash flow and more than 70,000 customers helped draw new backers as it builds AI tools for spending and payments.
- On Thursday, corporate expense platform Ramp raised $750 million in Series F funding at a $44 billion valuation, led by ICONIQ, GIC, and Ontario Teachers' Pension Plan. The capital will fuel AI-focused product development.
- CEO Eric Glyman described AI spending as a 'third pillar' of business costs alongside people and vendors, noting companies lack tools to manage token-based expenses that often spiral invisibly until invoices arrive.
- Serving over 70,000 customers including Visa, Uber, and Shopify, Ramp processes over $200 billion in annualized purchase volume. Payment volume grew 170% year-over-year in March 2026, the highest growth rate in three years.
- Expanding internationally, Ramp acquired Billhop for U.K. and EU payments and Juno for guest travel, while deepening its Visa partnership to enable AI agents to execute autonomous corporate payments.
- Glyman said the 'era of tokenmaxxing is nearing its end' as companies recognize more tokens don't yield more value. Among Ramp's 70,000 customers, those spending most on AI grew revenue 12%, while Ramp's valuation surged from $7.65 billion in April 2024 to $44 billion.
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Fintech startup Ramp hits $44B valuation after raising $750M in new funding round - Tech Startups
Ramp has raised $750 million in a new funding round that values the company at $44 billion, up from $32 billion just seven months ago, the fintech startup announced Thursday. The deal ranks among the largest private financings of the […] The post Fintech startup Ramp hits $44B valuation after raising $750M in new funding round first appeared on Tech Startups.
Ramp raises $750M Series F at $44 billion valuation
Two years ago, Ramp was a $7.65 billion corporate card company. On Wednesday, it announced a $750 million Series F that values it at $44 billion, a nearly six-fold increase that makes it one of the most valuable private fintech companies in the world. The round was led by ICONIQ, GIC, and Ontario Teachers’ Pension […] This story continues at The Next Web
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