Ramp (company)

Ramp Business Corporation is an American multinational financial technology company that offers corporate charge cards, expense management, and bill-payment software.[1] The company is headquartered in New York City with additional offices in Miami and San Francisco.[2]

As of November 2025, Ramp was valued at $32 billion with $1 billion in annualized revenue.[3] 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.[4][5]

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.[8]

The company was formally launched in February 2020,[9] with Atiyeh as its chief technology officer and Glyman serving as chief executive officer.[10][11] 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.[12]

Expansion and growth

Within two years of its founding, the company became the fastest New York startup to reach unicorn status.[11] Ramp closed a $115 million Series B funding round in April 2021 placing its valuation at $1.6 billion. In August 2021, the company raised $300 million in a Series C round, which increased its valuation to roughly $3.9 billion.[13] Ramp was valued at $8.1 billion and reached $100 million in annualized revenue by early 2022.[1][14]

In August 2023, Ramp raised $300 million in a Series D round and had a valuation of $5.8 billion. That same month, Ramp announced that it was expanding into the procurement space, handling purchase requests, vendor management, and intake workflows.[15]

As of 2024, Ramp had reached $300 million in annualized revenue[16]

Recent developments

Will Petrie was promoted to chief financial officer in January 2025.[19] That same month, Ramp published a blog post titled "The Efficiency Formula" discussing potential applications of its technology to government spending.[20] The General Services Administration later announced a pilot program related to the government's SmartPay expense card program, for which Ramp confirmed it was being considered.[21][20] The commissioner of the Federal Acquisition Service helped organize private meetings with Ramp executives.[22]

In March 2025, Ramp's valuation increased to $13 billion, almost double over a year prior.[23]

type	Private
founders	Eric Glyman (CEO) Karim Atiyeh (CTO) Gene Lee
location	New York City, United States
industry	Fintech
products	Corporate expense management platform, corporate credit cards
homepage	ramp.com
num employees	1,200 (2025)
revenue	US$1.0billion
revenue year	2025

History

Foundation

Expansion and growth

Recent developments

Recognition

External links

References