Ramp (company)
Ramp Business Corporation is an American multinational financial technology company that offers corporate charge cards, expense management, and bill-payment software. The company is headquartered in New York City with additional offices in Miami and San Francisco.
As of November 2025, Ramp was valued at $32 billion with $1 billion in annualized revenue. Investors in the company include Thrive Capital, Goldman Sachs, Peter Thiel of Founders Fund, Keith Rabois of Khosla Ventures, Redpoint Ventures, 137 Ventures, BoxGroup, D1 Capital Partners, Contrary, and 8VC, among others.
History
Foundation
Ramp was founded in March 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee. Glyman and Atiyeh met as classmates at Harvard University and had previously founded the price tracking app Paribus, which was acquired by Capital One in 2016. Glyman and Atiyeh talked with approximately 100 finance experts before launching Ramp's corporate card, finding that potential clients were unhappy with the inefficiency of existing methods for collecting receipts and logging expenses.The company was formally launched in February 2020, with Atiyeh as its chief technology officer and Glyman serving as chief executive officer. Ramp completed an early institutional round of financing that same month when it raised about $15 million in a Series A led by Founders Fund. By December, Ramp raised an additional $30 million in follow-on financing.
2024–present: Series E funding round
As of 2024, Ramp had reached $300 million in annualized revenue with more than 25,000 businesses on its platform. That June, it secured $150 million in a Series D-2 funding round, maintaining its valuation at $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, among other investors.In March 2025, Ramp's valuation surged to $13 billion, almost double over a year prior. As of June 2025, Ramp was valued at $16 billion after a Series E funding round. As of July 2025, Ramp was valued at $22.5 billion after its E-2 funding round. In the summer of 2025, Ramp introduced the AI Policy Agent. The tool applies company expense policies to transactions using artificial intelligence to automate expense reviews and approvals. In November 2025, Ramp's valuation further increased to $32 billion after a $300 million primary financing round and an employee tender offer. As of August 2025, Ramp had reached $1 billion in annualized revenue.