Fintech startup Ramp hits $44B valuation after raising $750M in new funding round

Ramp has raised $750 million in a new funding round that values the company at $44 billion, up from $32 billion just seven months ago, the fintech startup announced Thursday. The deal ranks among the largest private financings of the year and offers fresh evidence that investors are once again willing to place big bets on high-growth fintech companies.

For years, investors poured money into fintech startups that promised to modernize finance. Then came rising interest rates, falling valuations, and a sharp pullback across the sector.

Now, the sector is showing signs of life again.

The latest funding round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan, with participation from Goldman Sachs Alternatives, D.E. Shaw, and Morgan Stanley Investment Management. Existing investors, including Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price, and General Catalyst, joined the round.

Ramp’s valuation jump comes at a time when artificial intelligence is reshaping how businesses handle finance operations. Investors are increasingly backing companies that can automate tasks that traditionally required large teams, including expense management, invoice processing, bookkeeping, and financial reporting.

Founded in 2019 by Eric Glyman, Gene Lee, and Karim Atiyeh, Ramp began with a simple pitch: help companies save money. What started as a corporate card platform has since grown into a broader financial operations platform that handles everything from travel and bookkeeping to bill payments and vendor procurement.

Today, Ramp offers corporate cards, payment services, and expense management software to help businesses spend less and operate more efficiently. The company says more than 70,000 organizations use its platform, ranging from family-owned farms and early-stage space startups to Fortune 100 companies.

According to Ramp, customers have collectively saved more than $12 billion and over 27 million hours through the platform.

The company says customer outcomes continue to improve. Ramp reported that, in May 2026, the median customer saved 50% more money and 32% more time annually than the previous year. Customers using multiple Ramp products reportedly saw those gains increase even further.

AI fuels a new wave of investor optimism in fintech

The latest funding reflects growing confidence that AI-powered software can become a larger part of corporate finance departments. Many companies are searching for ways to reduce administrative work, speed up approvals, and gain better visibility into spending without adding headcount.

That shift has created a new battleground for fintech firms competing to become the financial operating system for modern businesses.

“We’re growing as fast as we were three years ago, at roughly twenty times the size, and that’s because finance is going through the biggest structural change since the spreadsheet,” said Eric Glyman, co-founder and CEO of Ramp, in a statement.

The deal marks another milestone for Ramp’s rise from startup challenger to one of the most valuable private fintech companies in the world. It joins a growing group of venture-backed firms benefiting from renewed investor appetite for software companies demonstrating strong growth, measurable customer value, and a credible AI strategy.

After a difficult stretch for fintech funding, investors appear willing to write large checks again. Ramp’s latest round suggests that the companies helping businesses automate finance work may be among the biggest beneficiaries.

We first covered Ramp in 2022 when the company raised $750 million in funding. Back then, the pitch was simple: help businesses spend less and operate smarter.

Three years later, that message remains largely the same. The scale is different.

What began as a corporate card startup is now one of the world’s most valuable private fintech companies, valued at $44 billion and betting that AI can reshape how finance teams work.