Ramp is a
Manhattan-based multinational
financial technology company that offers corporate
charge cards, expense management, and bill-payment software.
As of late 2023, the company was projected to process over US$13 billion in payments annually.
As of April 2024, Ramp was valued at $7.65 billion,
down from a high of $8.1 billion. Investors in the company include
Thrive Capital,
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
,
Founders Fund,
Khosla Ventures, and
Redpoint Ventures, among others.
The company's headquarters are in the
Flatiron District of Manhattan, New York City.
History
Ramp was founded in March 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee. Glyman and Atiyeh met as classmates at
Harvard University and had previously founded price tracking app
Paribus, which was acquired by Capital One in 2016.
Glyman and Atiyeh talked with approximately 100 finance experts before launching Ramp's corporate card, finding that potential clients were unhappy with the inefficiency of existing methods for collecting receipts and logging expenses.
The company was formally launched in February 2020
and reached $100 million in annualized revenue by early 2022.
As of 2024, Ramp had reached $300 million in annualized revenue with more than 25,000 businesses on its platform.
References
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Financial technology companies
Companies based in New York City