Ramp
Overview
“Ramp's mission is to revolutionize the way businesses manage their finances by providing a smart corporate card and spend management platform, designed to save time and money and optimize financial operations.”
Founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, Ramp is a finance automation platform headquartered in New York, NY. The company offers a range of financial tools, including corporate cards, expense management, bill payments, and accounting integrations. Ramp aims to streamline financial operations for businesses, enabling them to save time and money. It has rapidly grown to become one of the fastest-growing corporate card providers in the U.S., serving a diverse clientele from startups to large-scale enterprises.
Business Model
Ramp operates on a software-as-a-service (SaaS) model, providing a comprehensive finance automation platform that includes corporate cards, expense management, and bill payments. The platform integrates with various accounting systems, offering businesses a seamless way to manage their finances. Ramp generates revenue through subscription fees for its services, and its user-friendly tools are designed to help companies reduce costs and improve financial efficiency.
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Targeted Impact
Ramp aims to empower businesses to make data-driven financial decisions, fostering growth and enhancing financial efficiency.
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Who Will benefit?
Businesses of all sizes, from startups to large enterprises, will benefit from Ramp's efficient and innovative financial management solutions.
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What Comes Next?
Ramp plans to continue expanding its product offerings and enhancing its platform to further streamline financial operations for businesses.
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Ramp Growth Timeline
Ramp and Competition
Ramp competes with other financial management platforms such as Brex, Divvy, and Expensify. Its focus on automation and integration with accounting systems differentiates it from competitors.
VC / Strategic Investors
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8vc
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8VC
Invested at:
Series D-2
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backend-capital
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Backend Capital
Invested at:
Series A
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<cardLogo>
<logo>
boxgroup
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BoxGroup
Invested at:
Series A
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</cardLogo>
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<cardLogo>
<logo>
conversion-capital
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<text>
Conversion Capital
Invested at:
Series A
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<cardLogo>
<logo>
d1-capital
</logo>
<text>
D1 Capital
Invested at:
Series A-3
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<logo>
founders-fund
</logo>
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Founders Fund
Invested at:
Series A-3, Series D-2
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<cardLogo>
<logo>
greylock-partners
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Greylock Partners
Invested at:
Series D-2
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<logo>
khosla-ventures
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Khosla Ventures
Invested at:
Series D-2
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<logo>
sequoia-capital
</logo>
<text>
Sequoia Capital
Invested at:
Series D-2
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</cardLogo>
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<cardLogo>
<logo>
soma-capital
</logo>
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Soma Capital
Invested at:
Series A
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Research
News
Ramp's Analysis
Annual Revenue and Revenue Growth
Funding Round
Return on Investment (ROI)
Bid:Ask Volume Ratio
ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.
Activity
Activity refers to broker contributions within the last 90 days.
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