Companies
/
Ramp
9
Fintech
$59.2B
+$157.65
84,964.14%
30 days ago
$0.19
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Ramp is a technology company that develops corporate cards designed to save money for businesses.
Ramp was founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, entering the corporate card and spend management category with a positioning centered on helping businesses control and reduce unnecessary spending, in contrast to some competing corporate card products whose business models can create incentive misalignment by benefiting more directly the more a customer's employees spend, and building out a broader suite of finance automation tools spanning expense management, bill payment, procurement, and accounting automation, aimed at helping finance and accounting teams operate more efficiently with less manual, repetitive administrative work. Ramp has told investors it reached approximately $1.5 billion in annualized revenue as of May 2026, up 76% year over year, and has said it is aiming to be IPO-ready by the end of the year, though it has not committed to a specific public listing timeline. In May 2026, the company was reported to be raising approximately $750 million in new funding at a valuation of more than $40 billion pre-money, a financing mark that secondary market pricing had already run ahead of by the time the round was reported. The company has also outlined plans to release new tools specifically aimed at helping corporate finance teams manage and control the costs associated with large language model API usage, addressing a rapidly growing new category of enterprise software spending as companies increasingly build AI features into their own products. In Augment's Q2 2026 Power 20 rankings, Ramp ranked #8, with its estimated secondary-market share price rising 15.0% during the quarter to imply a market capitalization of approximately $42.4 billion, moving above the $40 billion mark for the first time, representing the seventh-largest price gain among all Power 20 companies that quarter.
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