Investors continue to show strong enthusiasm for expense management fintech, as evidenced by Ramp’s remarkable financial journey in 2025. The fintech firm recently announced the successful raising of $300 million, led by Lightspeed, which also included an employee tender offer. This follows a series of substantial fundraising rounds that have catapulted Ramp’s valuation significantly over the past few months.
Just a few months before this latest round, Ramp raised $500 million in a Series E-2 funding round, achieving a valuation of $22.5 billion, led by Iconiq. This came on the heels of a $200 million Series E round at a $16 billion valuation, which was announced in mid-June. Additionally, in March, Ramp completed a $150 million secondary share sale which valued the company at $13 billion.
Earlier in 2024, Ramp had already demonstrated strong growth by securing a $150 million Series D funding, co-led by Khosla Ventures and Founders Fund, at a valuation of $7.65 billion. As it stands, the total equity financing that Ramp has amassed reaches an impressive $2.3 billion. Notably, the company’s valuation has skyrocketed from $13 billion to $32 billion within the span of 2025 alone.
In an encouraging sign of its operational success, Ramp announced in October that it had surpassed $1 billion in annualized revenue, indicating a strong growth trajectory. The company specializes in corporate expense management and, while it leverages AI technology for automating approvals and processes, its core services include corporate credit cards, expense management, purchase order software, and corporate travel solutions. Ramp proudly claims to have exceeded 50,000 customers, marking a significant milestone in its development.
This influx of investment indicates a bright future for Ramp as it navigates the competitive landscape of fintech, demonstrating the resilience and potential of companies specializing in expense management solutions.