Ramp, a financial operations platform focused on helping businesses save time and money, has closed a $750m Series F primary financing round that values the company at $44bn.
The raise was led by ICONIQ, GIC and Ontario Teachers’ Pension Plan. New investors joining the cap table include Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners and BroadLight Capital.
A large group of returning backers also participated, including Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price, General Catalyst, Alpha Wave Global, 137 Ventures, Thrive Capital, Coatue, Sands Capital, Khosla Ventures, 1789 Capital, Avenir Growth, BoxGroup, 8VC, Pinegrove Venture Partners, Definition Capital and Stripes. The latest raise brings Ramp’s total equity financing to over $3bn.
The funding arrives as Ramp records its strongest growth momentum in three years. Total payment volume grew approximately 170% year-on-year in March 2026, despite the business now being around 20 times larger than it was when it last achieved comparable rates. That growth is being driven in part by emerging AI-related categories such as token spend management, as well as the company’s entry into the accounting firm market through Stack, a segment it is addressing for the first time.
As of 1 June 2026, Ramp has surpassed $1bn in annualised revenue whilst maintaining positive free cash flow. The platform now serves more than 70,000 customers, including Visa, Uber, Shopify, Anduril, Figma, Notion, Cursor, Stanford Athletics and The Boys and Girls Club, and processes $200bn in annualised purchase volume.
The company has also passed 100% year-on-year enterprise growth, with over 3,200 customers generating $100,000 or more in annualised revenue. As of May 2026, the median Ramp customer was saving 50% more in monetary terms and 32% more in hours per year compared with a year earlier, with those figures more than doubling for customers using the full Ramp suite.
Ramp describes its core mission as saving companies time and money. It builds financial operations infrastructure spanning corporate cards, expense management, bill payments and accounting integrations. The platform is designed to consolidate financial workflows and deliver measurable savings across businesses of all sizes. The company recently began extending its services to companies headquartered in the UK and Europe, with that expansion due to launch this summer following two acquisitions: Billhop, which strengthens UK and EU payments, and Juno, which addresses guest travel.
In the months leading up to the round, Ramp shipped more than 70 products and major features. It also deepened a multi-year partnership with Visa to enable AI agents to carry out autonomous corporate payments with real-time controls. Internally, the company has built two AI tools: Inspect, a software factory that now writes more than two-thirds of Ramp’s code, and Glass, an AI workspace deployed across every employee function from engineering to legal, giving the company a 99.5% AI adoption rate.
Ramp co-founder and CEO Eric Glyman said, “For 500 years, business ran on two pillars of spend: people and vendors. In the last 24 months, a third arrived – intelligence, paid by the token and invisible to every system we’ve built to manage cost. Ramp is the infrastructure for the third pillar.”
Glyman added: “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. Every company needs infrastructure to navigate an AI economy, from a CFO in London to an accounting firm in Wichita. While we’re growing fast, we still only serve a fraction of the market. There’s a lot more work to do.”
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