Approved the post because Ramp is rapidly raising at higher valuations, an IPO seems inevitable. Ramp does a lot of bootleg advertising, so that's what this ramp probably is, but there's still a good broader discussion.
When making posts like this, I like to include financials, valuations, or other details so we can have a good conversation around investing and trading. So I'm adding those below:
Ramp today announced a $1.85 billion primary financing round led by Dragoneer Investment Group, valuing the company at $60 billion.
More than 85,000 companies use Ramp to manage over $275 billion in annualized purchase volume, up 175% year over year. Together, they save more than $1 billion every month. The median customer now saves 7.5%, up from 5% a year ago, and completes transactions with 22% less manual work. That's 50% more savings on every dollar spent than a year ago, giving customers more money to put back into their businesses.
More than 85,000 companies use Ramp to manage over $275 billion in annualized purchase volume, up 175% year over year. Together, they save more than $1 billion every month. The median customer now saves 7.5%, up from 5% a year ago, and completes transactions with 22% less manual work. That's 50% more savings on every dollar spent than a year ago, giving customers more money to put back into their businesses.
Key Company Stats as of October 1, 2026
Over $2 billion in annualized revenue, with positive cash flow.
85,000+ customers, including Visa, Uber, Shopify, Robinhood, Fanatics, Notion, Cursor, The Denver Broncos, and The Boys and Girls Club.
Over $275 billion in annualized purchase volume.*
Median customer: 7.5% savings and 16% revenue growth in their first year.
With this round, Ramp has raised approximately $5 billion in total equity financing.
I agree - I've always hated every single expense management tool I've had to deal with (Dynamics, Oracle Cloud and Concur suck absolute ass, Expensify is okay-ish) but Ramp is fucking amazing. Drag and drop all your receipts, add a note, get an e-transfer (in Canada) 48 hours later. It just works.
I'm at their biggest competitor and we're printing money too. That's unfortunately why I'm not sure an IPO is anytime soon for them or us. We literally don't need the money. In business banking, you get to keep the interest you see. Nobody expects HYSA rates.
I work in consulting and have a lot of PE-backed platform roll ups as clients. They all love Ramp and are rushing to implement it across all the PortCos.
•
u/OPINION_IS_UNPOPULAR AutoModerator's Father 4h ago
Approved the post because Ramp is rapidly raising at higher valuations, an IPO seems inevitable. Ramp does a lot of bootleg advertising, so that's what this ramp probably is, but there's still a good broader discussion.
When making posts like this, I like to include financials, valuations, or other details so we can have a good conversation around investing and trading. So I'm adding those below:
Over $2 billion in annualized revenue, with positive cash flow. 85,000+ customers, including Visa, Uber, Shopify, Robinhood, Fanatics, Notion, Cursor, The Denver Broncos, and The Boys and Girls Club.
Over $275 billion in annualized purchase volume.*
Median customer: 7.5% savings and 16% revenue growth in their first year.