Ramp (company)
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | March 2019 |
| Founder | Eric Glyman, Karim Atiyeh, Gene Lee |
| Headquarters | New York City , United States |
Area served | Global |
Key people | Eric Glyman (co-founder), Karim Atiyeh (co-founder), Gene Lee (co-founder) |
| Products | Corporate charge card solutions, expense tracking software, bill payment software, AI Policy Agent |
| Website | ramp |
Ramp Business Corporation is a global American financial technology firm specializing in corporate charge card solutions, expense tracking, and bill payment software. Its headquarters are located in New York City, with additional offices situated in Miami and San Francisco.
By November 2025, Ramp had achieved a valuation of $32 billion and reported $1 billion in annualized revenue. The company’s investors include Thrive Capital, Goldman Sachs, Peter Thiel of Founders Fund, Keith Rabois from Khosla Ventures, Redpoint Ventures, 137 Ventures, BoxGroup, D1 Capital Partners, Contrary, and 8VC.
2019–2022: Establishment and initial funding
Ramp was established in March 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee. Glyman and Atiyeh, who were Harvard University classmates, previously created the price monitoring application Paribus, which Capital One acquired in 2016.
Prior to introducing Ramp’s corporate card, Glyman and Atiyeh engaged with approximately 100 finance professionals, uncovering widespread frustration regarding inefficient processes for collecting receipts and logging expenses.
The company officially began operations in February 2020 and attained $100 million in annualized revenue by early 2022.
2024–present: Series E investment phase
By 2024, Ramp had grown to $300 million in annualized revenue and served over 25,000 companies on its platform. In June of that year, it secured $150 million through a Series D-2 funding round co-led by Khosla Ventures and Founders Fund, maintaining a valuation of $7.65 billion.
Ramp’s valuation nearly doubled to $13 billion by March 2025. Following a Series E funding round in June 2025, the valuation increased to $16 billion and further climbed to $22.5 billion after the E-2 round in July. During that summer, Ramp introduced the AI Policy Agent, which automates expense auditing by enforcing corporate policies through artificial intelligence.
In November 2025, after raising $300 million in financing alongside an employee tender offer, Ramp’s valuation surged to $32 billion. By August 2025, the company had reached an annualized revenue milestone of $1 billion.
Government relations
In January 2025, Ramp released a blog post titled "The Efficiency Formula," detailing how its technology could be applied to enhance government expenditure efficiency. By March 2025, the General Services Administration announced a pilot initiative related to its SmartPay expense card program, naming Ramp as a potential participant. Investigative reporting by ProPublica disclosed that Josh Gruenbaum, commissioner of the Federal Acquisition Service, arranged private discussions with Ramp leadership. Scott Amey, general counsel at the bipartisan watchdog group Project on Government Oversight, criticized this approach for circumventing established contracting protocols intended to prevent favoritism. Furthermore, ProPublica reported that a significant portion of Ramp’s financing comes from investors linked to the Trump family and Elon Musk.