This news comes on the heels of Ramp's Series D round. The company was last valued at $3.9B in August 2021.
Ramp, a provider of corporate credit cards, has raised $200M in a Series D round that drew participation from Founders Fund.
How’s the company performing?
- New York-based Ramp offers credit cards to SMBs, and it also provides expense management, bill payment, accounting, and reporting services.
- The company’s clients include Ro, DoNotPay, Bristol Hospice, Walther Farms, ClickUp, and Applied Intuition.
- Ramp has developed integrations with applications such as Slack, Oracle Net Suite, Rippling, and Xero.
- The company’s platform has been used by over 2K businesses to process more than $1B in annual transaction volume.
Source: Ramp
Why does the market matter?
- The global spend management software market is expected to reach a value of $4B by 2027, growing at a CAGR of 17.7%, according to Verified Market Research.
- Rapid digitization has led to the proliferation of account information and spend data, increasing the demand for solutions to enhance data visibility, insight generation, and regulatory compliance.
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