Ramp is in early discussions with investors for a new funding round that could value the fintech startup at about $60 billion, according to Bloomberg. People familiar with the matter said the company is seeking roughly $1 billion in fresh capital, though the talks are ongoing and terms could still change. If completed, the deal would mark a sharp jump from Ramp’s previous $44 billion valuation reached just three months ago, implying an increase of about 36%. Ramp declined to comment on the report. Founded in 2019, the company provides businesses with expense management, payment processing, and AI-based fraud detection services. In June this year, Ramp closed a $750 million financing round, bringing its total funding to about $3 billion.
Ramp is in early talks with investors for a new funding round that could value the fintech startup at about $60 billion, according to Bloomberg.
People familiar with the matter said Ramp is looking to raise roughly $1 billion in new capital. The discussions are still underway, and the terms could change. Ramp declined to comment.
If the transaction goes through, Ramp’s valuation would rise about 36% from the $44 billion level it reached three months ago.
Founded in 2019, Ramp offers businesses expense management, payment processing, and AI fraud detection services. The company completed a $750 million funding round in June this year, taking its total funding to about $3 billion.
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