Ramp Seeks $350 Million Investment at $21 Billion Valuation

July 26, 2025 - 01:17

Ramp, a corporate card and expense management startup founded six years ago, is currently in negotiations to secure $350 million in funding. This new investment round is expected to value the company at approximately $21 billion, reflecting a significant 30% increase from its previous valuation of $16 billion, achieved just a month ago.

The discussions involve several investors who are keen on participating in this latest funding round. The substantial increase in valuation highlights Ramp's rapid growth and the increasing demand for innovative financial solutions in the corporate sector.

As businesses continue to adapt to evolving economic conditions, the need for effective expense management tools has become more critical than ever. Ramp's approach to simplifying corporate spending and enhancing financial oversight has positioned it as a strong contender in the fintech space. With this new influx of capital, Ramp aims to further expand its offerings and enhance its market presence in the competitive landscape of financial technology.