Ramp Raises $1.85 Billion, Boosting Valuation to $60 Billion
Ramp, a corporate card and expense management platform, secured $1.85 billion in a funding round, raising its valuation to an impressive $60 billion. This new valuation surpasses many of its established fintech competitors and nearly doubles the company’s valuation from its previous funding round in November 2025, which stood at $32 billion.
The latest round was led by Dragoneer Investment Group and co-led by Thrive Capital and Founders Fund. This significant capital injection signals strong investor confidence in Ramp’s business model and growth trajectory, further solidifying its positioning within the corporate expense management space.
Key takeaways
- ▸Ramp's valuation is now $60 billion, surpassing many established fintech rivals.
- ▸The latest funding round was $1.85 billion, co-led by Dragoneer Investment Group, Thrive Capital, and Founders Fund.
- ▸This funding nearly doubles Ramp's valuation from $32 billion established in November 2025.
Why this matters
This massive funding round and valuation increase position Ramp as a dominant player in the corporate expense management sector, potentially reshaping competitive dynamics as it attracts more attention from clients and investors. The capital allows Ramp to enhance its offerings and market presence, possibly putting pressure on traditional corporate card providers and other fintechs in the space that may struggle to keep pace with their rapid growth.
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