"Ramp's core product, after all, is the next generation of corporate credit cards. With about 1.5% of the $2 trillion market, compared to around 30% for AmEx, it has a long way to go. But as I reported last week, Ramp has had astronomic growth alongside its red-hot brand, having just hit $1 billion in annualized revenue. That accomplishment stands alongside an astonishing $22.5 billion valuation, which it achieved after back-to-back funding rounds this summer."
"The simple answer is that since its founding, Ramp has been growing at hyperspeed, thanks in part to its two-time founders, Eric Glyman and Karim Atiyeh, who previously started the Capital One-acquired startup Paribus. The momentum can be seen not only in Ramp's consistent revenue growth, but also in its ever-expanding suite of tools, including its new crop of AI agents, which are all core to Ramp's goal of automating companies' financial processes."
Ramp is a six-year-old fintech offering next-generation corporate credit cards and automation tools, gaining a cult-like following among CFOs and regular employees who dislike expense reports. The company uses bold branding and omnichannel marketing, including a Super Bowl spot, to position itself against legacy players like American Express. Ramp holds roughly 1.5% of the $2 trillion market, has reached $1 billion in annualized revenue, and secured a $22.5 billion valuation after recent funding rounds. Founders Eric Glyman and Karim Atiyeh accelerated growth from prior success, while an expanding suite of AI agents targets deeper automation of finance processes.
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