Ramp Secures $200 Million in Series E Funding
NEW YORK, June 17, 2025 – Ramp, a leading financial operations platform, announces its Series E funding round led by Founders Fund, achieving a valuation of $16 billion.
Funding Round Highlights
The Series E round secured $200 million and saw participation from renowned investors including Thrive Capital, D1 Capital Partners, General Catalyst, GIC, Iconiq Growth, and others. This marks the fifth funding round led by Founders Fund, the company’s first and largest investor.
Ramp has facilitated an impressive payment volume exceeding $80 billion annually, serving over 40,000 companies, such as Shopify, CBRE, and Vercel. The platform offers solutions like corporate cards, spending management, and travel booking.
Transforming Financial Operations
Over the past year, Ramp has saved its customers $10 billion and 27.5 million hours. The platform aims to streamline financial operations through automation, enabling businesses to focus energy on strategic initiatives rather than administrative tasks.
With half of Ramp’s customers utilizing two or more products, the platform’s diverse suite of services indicates a growing trust in its capabilities.
How Ramp is Changing the Game for Businesses
Ramp’s innovative approach results in significant time savings for its clients. For instance, one construction firm reduced its monthly administrative tasks by 75%, allowing for over 360 hours saved in the past year.
Another client, a prominent industrial company, saw a return of $4 million through the use of Ramp’s cards to manage expenses effectively and avoid overspending.
Harnessing AI for Business Efficiency
Ramp is committed to integrating advanced AI features to enhance user experience. Over 50% of Ramp’s expenditure goes toward research and development, focusing on automating financial processes for businesses of all sizes.
In 2025 alone, the company launched 270 new features driven by AI, making tasks like expense approvals and cash forecasting faster and more intuitive.
Expanding Market Reach
Currently serving just 1.5% of the American market, Ramp sees enormous growth potential. The company aims to scale its operations to save more businesses time and money, building on its already impressive portfolio of solutions.
With a focus on improving financial efficiency, Ramp is dedicated to ensuring that this is the lowest point for its product offering.
Looking Ahead
Ramp is committed to continuing its mission of transforming how businesses manage their financial operations. With a focus on innovation, customer satisfaction, and efficiency, the company aims to make a significant impact across industries.
As Eric Glyman, Ramp’s CEO, emphasizes, the journey is just beginning, and the company is more committed than ever to enhancing the financial experiences of its clients.