Ramp is a financial automation platform designed to help businesses spend less time and money. Ramp describes itself as offering the next generation of financial tools.
Its offerings range from corporate cards and expense management to bill payments and accounting integrations and are designed to save companies time and money with every click.
Ramp‘s customers span the spectrum of U.S. businesses – from software unicorns to agricultural operations.
Today, over 5,000 companies use Ramp and process more than $5 billion in annual payment volume. The company said that some of the larger customers spend “more than $10 million per month” using Ramp.
As of March 2022, the company was valued at $8.1 billion.
The valuation is quite noteworthy, considering that less than a year ago, Ramp had just reached unicorn status with a $115 million round. Then last August, the company received $300 million at a valuation of $3.9 billion.
We rate the company on Green.