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Ramp in Talks for $60 Billion Valuation, Up From $44 Billion in June
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Ramp, a New York-based fintech startup specializing in AI-powered spend management, is in early discussions with investors to raise approximately $1 billion in primary capital at a valuation of roughly $60 billion, according to a Bloomberg report. This would represent a significant increase from its $44 billion valuation in June 2026, when it closed a $750 million Series F round. The company is using the capital to expand its AI-focused product development, including a new category of corporate expense for AI usage billed per token. Ramp has also completed two acquisitions—Billhop for U.K. and EU payments and Juno for guest travel—and expanded a partnership with Visa to enable AI agents to initiate corporate payments. As of June 1, Ramp reported over $1 billion in annualized revenue, positive free cash flow, more than 70,000 customers, and $200 billion in annualized purchase volume. CEO Eric Glyman has indicated the company is closely watching the IPO pipeline.
Source report
Caroline Ryan Wed, September 9, 2026 at 1:51 PM PDT | 2 min read
Ramp is in early-stage discussions with investors about raising new funding at a valuation of approximately $60 billion, according to a report from Bloomberg.
The New York-based fintech startup is considering raising $1 billion in primary capital, sources familiar with the matter told Bloomberg. The talks remain ongoing, and the terms—including the valuation and the size of the funding round—are subject to change, the sources noted.
Recent Funding and Growth
In June, Ramp closed a $750 million Series F funding round, which valued the company at $44 billion. The capital was used to expand its AI-focused product development for customers. Ramp also tied the financing to what it described as a new category of corporate expense: AI usage billed per token.
"For 500 years, business ran on two pillars of spend: people and vendors. In the last 24 months, a third arrived — intelligence, paid by the token and invisible to every system we've built to manage cost. Ramp is the infrastructure for the third pillar." — Eric Glyman, CEO of Ramp
Acquisitions and Expansion
In recent months, Ramp has completed two acquisitions:
- Billhop — for U.K. and EU payments
- Juno — for guest travel
The company plans to begin serving companies headquartered in the U.K. and Europe this summer.
Partnerships and Product Offerings
Ramp expanded a multi-year partnership with Visa, aimed at enabling AI agents to initiate corporate payments while applying real-time controls. The company also highlighted newer offerings, including:
- Token spend management
- Real-time budgeting tools
- Procurement automation
- Accounting workflow automation
- A spend platform for startups
Key Metrics
As of June 1, Ramp reported:
- More than $1 billion in annualized revenue
- Positive free cash flow
- More than 70,000 customers
- $200 billion in annualized purchase volume
Company Background
Founded in 2019 by Eric Glyman, Karim Atiyeh, and Gene Lee, Ramp provides an all-in-one spend management and corporate card platform. By leveraging AI and automation, the platform helps businesses manage corporate credit cards, control expenses, and streamline accounting.
Glyman has previously stated he is closely monitoring the IPO pipeline, noting that companies with extreme growth rates and positive cash flow represent an unusual and highly compelling profile for public investors.
Photo: Shutterstock
This article originally appeared on Benzinga.com.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Ramp seeks $1B funding at $60B valuation, up from $44B in June