Ramp is a US financial technology company that combines corporate cards with expense management, bill payment, procurement, travel and other finance software. Eric Glyman, Karim Atiyeh and Gene Lee founded the company in 2019.
In June 2026, Ramp raised US$750 million at a US$44 billion valuation. The round made headlines not only because of the valuation, but because Ramp is positioning itself as finance infrastructure for a world where companies increasingly spend money on AI models and autonomous agents.
What Ramp actually does
A company can issue Ramp cards to employees, set spending limits and approval rules, collect receipts automatically and connect transactions to its accounting systems.
Ramp has expanded well beyond cards. Its platform now includes accounts payable, procurement, travel, treasury products, reporting and software for managing AI related spending.
How Ramp makes money
Ramp does not publish a simple public breakdown showing exactly what percentage of revenue comes from each product.
Its business includes card related economics, paid software products and other financial services. That is why it is better to avoid repeating third party estimates as if they were official revenue disclosures.
The US$44 billion funding round
Ramp announced the new valuation in June 2026 after raising US$750 million. Its own press materials point to the round as capital for expanding AI powered financial operations.
A private valuation is not the same thing as money raised. US$44 billion is the agreed value placed on the company in the financing round, while US$750 million is the amount of new capital announced.
Ramp’s AI push
Ramp has made AI spending a major part of its 2026 product story. The company says AI token spending across more than 70,000 customers increased 13 times from January 2025 to June 2026.
Its Token Spend Management tools connect usage from providers such as OpenAI, Anthropic, Google and Cursor, then show finance teams which departments or projects are responsible for the cost.
Ramp is also building finance products for AI agents themselves. The company has described agents as a new class of worker that may eventually need spending limits, cards, procurement rules and payment controls just like employees do.
Why this matters to finance teams
Traditional company spending is relatively easy to classify. A business can see salaries, software subscriptions and vendor invoices. AI usage is different because the bill can change rapidly with usage and may be spread across many teams.
Ramp’s argument is that finance software needs to understand that new category of spending instead of treating every AI provider as a single monthly line item.
How big is Ramp?
Ramp says it serves more than 70,000 customers. Public figures around revenue and annual purchase volume change quickly, so those numbers should be treated with care unless they come directly from a current company disclosure.
The more useful signal is product breadth. Ramp started with a corporate card and now sells a much wider finance stack, which puts it in competition with card companies, expense platforms, accounts payable software and parts of traditional banking infrastructure.
Who runs Ramp?
Eric Glyman and Karim Atiyeh became co CEOs in June 2026. Ramp said the title change formalised how the two founders had already been running the company together.
Is Ramp a bank?
No. Ramp is a financial technology platform. Its cards and financial products depend on regulated banking and financial partners, so customers should check the specific terms attached to each product rather than assuming Ramp itself is a traditional bank.
What to watch next
The main question is whether Ramp can become the default financial control layer for both human employees and AI systems. That is a bigger ambition than being a corporate card provider, and it explains why the company talks so much about tokens, agents and automation.
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What we verified
The founding date, US$44 billion valuation, US$750 million funding figure, customer count and current AI product direction above are based on Ramp’s own material and current reporting. Revenue mix estimates from third parties were deliberately left out because Ramp has not published a matching official breakdown.
