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Ramp (financial technology company)

Ramp (financial technology company)

Ramp is a New York-based company focusing on a finance automation platform.

Established in 2019, Ramp is a finance automation platform in New York. The company offers 5-in-1 software consolidating corporate cards, expense management, bill payments, accounting, and reporting. Some of their clients include Ro, DoNotPay, Better, ClickUp, Applied Intuition, Bristol Hospice, Walther Farms, Douglas Elliman, and Planned Parenthood. In 2021, the company achieved a unicorn valuation of $3.9 billion and has raised $620 million in funding from investors like Founders Fund, Stripe, Goldman Sachs, Coatue Management, D1 Capital Partners, Redpoint Venture, Thrive Capital, Altimeter, Iconiq, Spark Capital, the Box Group, and different angel investors.


Ramp offers a variety of products and services:

Corporate cards

The company offers smart virtual cards and physical cards alongside spend management software. Users can spin up virtual cards for different online purchases—down from software subscriptions to home office equipment. The cards have built-in controls for security and there are no foreign transaction fees. Users can also customize the look and feel of the cards with branding and a company logo. Users can also tap to pay with Apple and Google Pay. Contactless payments are also accepted at some retailers across the world.

Accounting automation

The company allows users to automate their accounting with direct integrations, auto-categorization, and real-time sync for different transactions. Users can code expenses with integrations for QuickBooks, Xero, Sage, and NetSuite. They also have the ability to export transactions in CSV format for other software providers. Users can import their chart of accounts and create mapping rules for accounting fields—from merchant to department. Then Ramp automatically categorizes and syncs transactions to their GL.

Expense management

Users can automate expense reporting with cards and software. Employers can control where and how much employees can spend—with daily limits. When receipts are submitted, the app automatically collects, verifies, and reconciles them to automate employee expense reports. Ramp can also reimburse employees for expenses that can’t go on a Ramp card, such as mileage or incidentals.


Ramp offers insights that highlight duplicate subscriptions, increases in spend, or unused partner rewards. The platform also monitors out-of-policy spend and sends alerts by email, text, and Slack to offer users visibility into different expenses. It can be used to search and filter in order to analyze spend by department, location, merchant and others.

Bill Payment

Ramp helps companies streamline bill payments with automatic bill creation, approvals, and accounting. With AI-powered invoice processing, users can forward invoices by email or drag-and-drop PDFs for bill creation. The software’s OCR automatically detects vendors, line items, and payment details. Users can create a review and approval process for different bills. Users also get 1.5% cashback when they pay bills with their Ramp card. There's also the option to pay by check or ACH to vendors that do not take credit cards.


Users can streamline finance operations with integrations for accounting, collaboration, and security software. They can automate processes like employee onboarding with Rippling and get alerts and approval requests on Slack. Ramp can be connected to an HR software provider to automate employee onboarding and issue benefits. SSO and 2FA can also be set up with Google Suite and Okta.


March 21, 2022
Ramp raises a $200,000,000 private equity.
August 24, 2021
Ramp raises a $300,000,000 series C round.
April 8, 2021
Ramp raises a $115,000,000 series B round.
February 10, 2021
Ramp raises a $150,000,000 convertible note from Goldman Sachs Investment Partners.
December 17, 2020
Ramp raises a $30,000,000 series B round.
February 12, 2020
Ramp raises a $15,000,000 series A round from Backend Capital.

Funding Rounds



Further Resources



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