Key Data

• Trading Name: Ramp
• Legal Entity: Ramp Business Corporation
• Activities: Financial Automation Platform
• Location: USA
• Regulations: Whitelabeled
• Key People: Eric Glyman/Gene Lee/Karim Atiyeh

Ramp, founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh, is a leading financial automation platform that aims to revolutionize how businesses manage their financial operations. Positioned as a provider of next-generation financial tools, Ramp’s offerings are designed to significantly reduce the time and cost associated with business spending.

Core Offerings

Ramp’s suite of products includes corporate cards, expense management, bill payments, and accounting integrations. These tools are engineered to provide cost and time savings with every transaction, aligning with the company’s mission to optimize financial processes for businesses. Ramp’s technology not only facilitates efficient management of expenditures but also integrates seamlessly with existing financial systems to enhance overall operational fluidity.

Customer Base

Serving a diverse range of industries across the U.S., Ramp’s clientele includes high-growth technology companies often referred to as “software unicorns,” as well as businesses in sectors like agriculture. This wide customer base underscores Ramp’s capability to cater to varied financial needs and scales of operation, making it a versatile platform suitable for different business models and industries.

Financial Performance and Growth

As of now, more than 5,000 companies utilize Ramp, pushing through over $5 billion in annual payment volume. Notably, some of Ramp’s larger customers handle expenditures exceeding $10 million per month via the platform. These figures highlight Ramp’s substantial impact on and crucial role within the financial operations of numerous large-scale enterprises.

Customer Review

Google: 4,8 Stars with 1900+ Reviews

Valuation History

Ramp has experienced rapid growth in its valuation within a relatively short period. From achieving unicorn status less than a year ago with a $115 million funding round, Ramp’s valuation soared to $8.1 billion by March 2022. However, there was a notable adjustment in August of the same year, where it secured $300 million at a valuation of $3.9 billion, demonstrating the dynamic nature of its market valuation.

Compliance and Rating

Ramp is committed to maintaining high compliance standards, ensuring that all financial transactions and operations are conducted securely and in accordance with relevant regulations. This commitment is vital for sustaining trust and reliability among its expansive customer base and within the financial technology industry.

Rating: Green

We rate Ramp ‘Green’ on our compliance scale, reflecting its strong adherence to regulatory requirements, robust security measures, and transparent operational practices. This rating underscores Ramp’s dedication to providing a secure and compliant financial automation platform that businesses can rely on for their financial management needs.