Ramp Raises $500 Million to Build the Future of Autonomous Finance
Ramp has raised $500 million in a new funding round at a $22.5 billion valuation, just 45 days after closing a $200 million round. The capital will support the company’s accelerated rollout of AI-driven finance automation tools and expansion across the broader U.S. business market.
Ramp is focused on transforming how finance teams operate by replacing manual workflows with intelligent systems that can act autonomously under human oversight. Over the past year, the company has been building and deploying its first generation of AI agents—digital tools capable of reviewing and coding transactions, enforcing company policies, detecting anomalies, answering employee questions, and streamlining approvals across multiple functions.
Finance teams at companies like Notion, Webflow, and Quora are already using these agents, reporting significant time savings and improvements in compliance. According to Ramp, its AI agents have reduced manual reviews by 85%, identified 15 times more policy violations, and processed over 10,000 transactions without human intervention.
The new capabilities address a widespread issue: routine financial tasks that consume hours of human time and add unnecessary overhead. For example, a single employee expense—such as a $5 coffee before a client meeting—can require 14 minutes of back-and-forth across employees, managers, and finance staff, adding up to nearly $20 in overhead per transaction. Ramp’s system automates the process end-to-end, approving low-risk expenses automatically, communicating with employees via SMS, and flagging only exceptions for manual review.
This funding will allow Ramp to build on its vision of a fully autonomous finance function. By 2026, the company expects its agents to manage the majority of finance busywork, from expense approvals to policy enforcement. By 2027, Ramp aims to enable parallel processing in finance, allowing procurement, legal, and risk teams to act simultaneously—eliminating delays caused by sequential handoffs. By 2028, Ramp anticipates delivering fully autonomous finance software that can optimize cash flow, run real-time forecasts, and execute routine operations with little to no human input.
Despite its rapid adoption, Ramp estimates it currently serves only 1.5% of businesses in the United States. The company plans to use the new capital to significantly increase market penetration and continue product development, with a focus on driving speed, efficiency, and cost savings for companies of all sizes.
“We believe finance should run itself—intelligently, accurately, and in real time,” said Eric Glyman, Co-founder and CEO of Ramp. “This funding enables us to bring that vision to life for more businesses, faster.”
Ramp offers an integrated platform that includes corporate cards, spend management, vendor payments, procurement workflows, and accounting automation. The company continues to grow its customer base across industries including healthcare, construction, software, and retail, with measurable savings in time and money.
For more information, visit www.ramp.com
