Ramp Raises $300M as Corporate Card Fintech Valuations Adjust
Ramp, a corporate card and expense management fintech, successfully raised $300 million in a new funding round led by Founders Fund, reflecting a strategic down valuation from $8.1 billion to $5.8 billion. The newly acquired funds are set aside for product development and team expansion. Ramp's recent acquisitions of Cohere.io and Buyer indicate its plans to broaden service capabilities.
Dec 27