Ramp, founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, started as a corporate card built around spend controls, then expanded into a full finance platform, procurement, expense management, accounting automation, and budgeting, with AI agents now built into each of those workflows rather than bolted on afterward.
That platform breadth, combined with rapid AI-driven growth, took Ramp to a $44 billion valuation on a $750 million round in June 2026, led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, crossing $1 billion in annualized revenue with more than 70,000 customers including Visa, Uber, Shopify, and Figma. The company also launched a corporate card designed specifically for AI agents to transact autonomously on a business's behalf.
Ramp's core card and expense platform carries no monthly fee, with revenue coming from interchange and paid add-ons for advanced procurement, travel, and accounting automation. For a finance team that wants spend management, procurement, and accounting automation unified in one AI-native platform, rather than stitching together separate point tools, Ramp's integrated approach addresses that directly.
