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But we saved everything 🙂.
Ramp has raised $750 million, bringing its valuation to $44 billion.
The company, led by Eric Glyman, has experienced rapid growth, now being twenty times larger than during its last comparable expansion phase. Glyman referred to intelligence as an emerging third pillar in business operations, pointing to new opportunities for managing costs and optimizing enterprise performance. The announcement comes as firms increasingly focus on leveraging advanced technology to drive growth and efficiency.
Details on additional investors or use of funds were not immediately disclosed.
Ramp previously reported that it now powers over 4,500 U.S. accounting firms through its Stack offering. In March, the company saw 170 percent year-over-year growth in total payment volume, a pace uncommon among large fintech providers, according to company disclosures. The firm has steadily added enterprise clients and expanded its technology suite over the past year.