From Yahoo Finance: 2025-06-17 11:29:00

Financial technology startup Ramp raised $200 million in funding, led by Peter Thiel’s Founders Fund, reaching a $16 billion valuation. Investors included Thrive Capital and 8VC. Ramp utilizes AI to assist clients with expense management, accounting, travel, and procurement, serving 40,000 companies with $80 billion in annual purchase volume. Notably, Ramp was scrutinized for leveraging political connections to lobby for a GSA contract to revamp the SmartPay charge card used by federal employees. Despite controversies, Ramp remains a key player in the financial technology sector, attracting significant investments and attention.



Read more at Yahoo Finance: Ramp raises $200M