Ramp was founded in 2019 by Eric Glyman and Karim Atiyeh, and it’s been one of the fastest-growing fintech startups in the US. The company’s pitch is simple: instead of just tracking what you spend, Ramp actively helps you spend less. Its software flags duplicate subscriptions, suggests cheaper vendors, and automates expense policies.
The growth numbers tell the story. Ramp reached a $8.1 billion valuation by 2023, and its annualized transaction volume surpassed $30 billion. The company claims it saves customers an average of 5% on total spend — that’s the hook that’s pulled in over 25,000 businesses.
Ramp’s product goes well beyond corporate cards. It includes bill pay, expense management, procurement workflows, accounting automation, and vendor management. The platform auto-categorizes transactions, matches receipts using AI, and pushes clean data directly into accounting systems like NetSuite, Sage Intacct, and QuickBooks.
What sets Ramp apart from competitors like Brex and Amex is its obsessive focus on finance team productivity. Features like automated month-end close, real-time GL coding, and policy enforcement reduce manual work significantly. Ramp is headquartered in New York City, with offices in Miami and engineering teams distributed across the US.
