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# US fintech Ramp hits USD 1 billion in annualised revenue weeks after USD 22.5 billion valuation
- URL: https://www.theglobalbanker.com/us-fintech-ramp-hits-usd-1-billion-in-annualised-revenue-weeks-after-usd-22-5-billion-valu/
- Published: 2025-09-09T12:30:00.000Z
- Updated: 2026-10-02T14:10:12.000Z
- Description: Ramp said on 9 September 2025 it had passed USD 1 billion in annualised revenue and was generating operating cash flow, six weeks after a USD 500 million round led by ICONIQ.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

Ramp, the New York-based corporate card and finance automation company, said on 9 September 2025 that it had surpassed USD 1 billion in annualised revenue and was generating operating cash flow. The company said it serves 45,000 customers, more than half of which use two or more of its products.

The announcement came six weeks after Ramp announced, on 30 July 2025, a USD 500 million funding round at a USD 22.5 billion valuation. That round was led by ICONIQ, with investors including Founders Fund, Thrive Capital, Coatue, Khosla Ventures, D1 Capital Partners, GIC, General Catalyst and GV among the participants. No new funding was announced alongside the revenue milestone.

#### PRODUCT AND CUSTOMER GROWTH

Ramp said its platform now supports USD 100 billion in annualised purchase volume. The company operates five product lines: corporate cards and expense management, bill payments, procurement, travel booking and treasury. It said its bill payments business had more than tripled year on year and that its enterprise customer base had grown by 120% over the same period.

According to the company, 1,700 customers each generate USD 100,000 or more in annualised revenue for Ramp. Ramp Treasury, launched in January 2025, had more than USD 1.5 billion in assets under management. It said its products had saved customers USD 10 billion and 27.5 million hours to date.

The company launched its first corporate card product five years before the announcement. “Our customers hold us to the highest standard,” said chief executive Eric Glyman. Ramp did not announce any plans for a public offering alongside the revenue milestone.