Ramp

Ramp is revolutionizing the corporate card and expense management landscape with its innovative approach to business cost savings. Unlike traditional corporate cards that focus on cash back and perks, Ramp integrates expense management directly into its card offering, allowing businesses to streamline their financial operations. With a remarkable net annualized revenue of $648 million in 2024—up 133% from the previous year—Ramp is rapidly expanding its market presence, driven by significant growth in card and bill pay volumes.

The company’s unique features, such as automatic expense categorization and policy enforcement, empower finance teams to maintain control over spending while simplifying the expense reporting process. Ramp's technology leverages advanced optical character recognition (OCR) to digitize invoices, making reconciliation faster and more efficient. This focus on automation and user engagement sets Ramp apart from competitors like Brex and Divvy, positioning it as a leader in the increasingly crowded fintech space.

With a valuation of $7.66 billion following a successful Series D-2 funding round, Ramp is well-equipped to continue its growth trajectory. The company is not only enhancing its core offerings but also exploring adjacent markets like bill pay and reimbursements, aiming to provide comprehensive solutions for businesses. Ramp's vision is to transform the back office, delivering better insights and cost savings as it expands its footprint in the B2B SaaS sector.