Ramp funding, valuation and investors

Overview

Ramp is a New York–based financial operations platform founded in 2019 by Eric Glyman and Karim Atiyeh. The company unifies corporate cards, expense management, accounts payable, procurement, and accounting automation for businesses from startups to the Fortune 500. Ramp layers AI agents across finance workflows—policy enforcement, receipt matching, month-end close, and price intelligence—and in July 2026 launched AI Token Spend Management to track usage-based costs from OpenAI, Anthropic, Gemini, and Cursor. The company reports serving 70,000+ customer teams and raised $750 million Series F in June 2026 at a $44 billion valuation led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, bringing total equity funding above $3 billion.

Why Ramp is interesting

Ramp re-rated to $44B by making AI visible in finance ops—not slide-deck "AI"—from automated receipt matching to July 2026's free AI token spend dashboard. That's the playbook fintechs need after the 2023–2024 drought.

Product & use cases

Ramp combines corporate cards and banking with expense capture, bill payments, procurement approvals, and accounting sync. AI agents automate policy checks, coding, and savings recommendations; the 2026 token-spend product aggregates LLM API costs by team, model, and project with weekly briefings and spend limits.

• Finance teams consolidating cards, expenses, and AP on one AI-assisted platform
• Startups enforcing spend policies without manual receipt chasing
• Enterprises tracking fast-growing AI token and subscription costs centrally
• Accounting firms using Stack by Ramp for multi-client finance automation

Key facts

• Series F (Jun 2026): $750M at $44B valuation; $3B+ total equity raised
• 70,000+ customer teams; reported $1B+ revenue run-rate in 2026 press coverage
• AI Token Spend Management launched Jul 2026—free tier for token cost visibility
• 200+ integrations; cards in 30+ currencies for global spend
• Competes with Brex, Rippling, and legacy ERP/AP suites
• Returning investors include Founders Fund, Thrive Capital, General Catalyst, Khosla Ventures

Funding history (newest first)

Investors in our directory

Funds linked from Ramp's profile — open a fund page for stage focus and related deal articles.

Competitive landscape

Edge: Card-first UX with deep automation and measurable savings narrative—Ramp claims median customers save on expenses—plus first-mover tooling for AI token spend as that category explodes inside finance budgets.

Post-Brex acquisition, Ramp and Rippling compete to own AI-native finance ops for growth companies. Ramp's token-spend wedge addresses a net-new budget line competitors are still productizing; the $44B mark prices category leadership, not just cards.

• Brex direct

  Corporate card and spend platform; Capital One acquired Brex for $5.15B in 2026, reshaping competitive dynamics.

• Rippling direct

  HR/IT/payroll plus spend; broader workforce platform versus Ramp's finance-first wedge.

• Expensify adjacent

  Expense reporting incumbent; less integrated card + AP + procurement depth.

• Coupa / SAP Ariba incumbent

  Enterprise procurement suites; heavier implementation than Ramp's mid-market speed.

Notable stories

• Ramp's AI Token Spend Management grew from an internal tool where 99.5% of employees used AI daily and token costs became a material line item (Ramp PR, July 2026).
• The June 2026 Series F nearly tripled Ramp's valuation in one year—from roughly $16B—as investors paid up for fintechs with credible AI operating leverage (TechCrunch).

Industries

Related funding articles

Venture Capital Tracker pieces that cover Ramp's financing or category context.

• Ramp's $750M at $44B: The Fintech AI Premium, Quantified