Ramp
ramp.comA corporate card and expense management company.
Price per share
12M · USD
Funding history
$M raised · $B post-money
Signals
6 latest
Ramp applies to the OCC for a national trust bank charter to offer fiduciary investment management and digital asset custody
Bloomberg reported on 2026-10-19 that Ramp has applied to the US Office of the Comptroller of the Currency for a national trust bank charter. The application, filed on October 16 and made public on October 19, would set up Ramp National Trust Bank to provide fiduciary investment management and digital asset custody, without deposit-taking or commercial lending. If approved, the charter would give Ramp a federally regulated base for asset services beyond its spend-management business.
Source: Bloomberg
Ramp discloses annualized revenue above $2B with positive cash flow, 85,000 customers and $275B+ annualized purchase volume
Alongside its $60 billion funding announcement on 2026-10-15, Ramp said it now generates more than $2 billion in annualized revenue with positive cash flow, and that revenue is growing 25% faster than at the same time last year. TechCrunch reported the figure is up from a reported $1.5 billion in June, and that Ramp says it has 85,000 customers (from 70,000 in June) and facilitates over $275 billion in annualized purchase volume, up 175% year on year. The disclosure gives investors a company-reported revenue base and profitability marker behind the new valuation.
Source: PR Newswire (Ramp)
Ramp raises about $1.85B led by Dragoneer and Thrive Capital at a $60B pre-money valuation, up from $44B in June
Corporate-spend fintech Ramp has raised about $1.85 billion in a round led by Dragoneer Investment Group and Thrive Capital at a $60 billion pre-money valuation, Bloomberg reported on 9 October 2026, citing people familiar with the matter. Founders Fund also invested. The valuation is up from $44 billion in June, when Ramp raised $750 million, which resets the company's mark for secondary pricing.
Source: Bloomberg
Ramp launches Ramp Accounts Receivable, moving beyond spend management into invoicing and collections
Ramp announced Ramp Accounts Receivable on 22 September 2026, a new product that automates invoicing and payment collection so customers can run both sides of corporate cash flow — money out and money in — on one platform. Ramp said the capability was a top customer request and is its first move onto the revenue side of finance operations. It opens a new product line and materially widens Ramp's addressable market beyond corporate cards and spend management.
Source: PR Newswire (Ramp)
Ramp launches in the UK, its first major market outside North America
Ramp announced on September 15, 2026 that it has officially launched in the UK, making its corporate finance platform available to UK-based businesses with local payments infrastructure and a growing London team. It is Ramp's first major move outside North America, following its July 2026 expansion into Canada; more than 70,000 companies including Shopify and Virgin Voyages use the platform. Bloomberg, PYMNTS and Tech.eu covered the launch the same day. First international expansion beyond North America opens a materially larger addressable market.
Source: PR Newswire (Ramp)
Ramp Launches AI Model Router to Reduce Enterprise AI Costs
Ramp launched Router, its own AI model router available at Router.com, designed to help companies reduce rising AI bills by intelligently routing requests across models. Stripe is also noted as betting on similar AI traffic controller technology.
Source: PYMNTS.com