RAMP IN TALKS FOR NEW FUNDING AT $60B VALUATION

Summary from the TLDR Fintech newsletter

Ramp is reportedly discussing a new funding round at a $60 billion valuation, up from $44 billion just a few months ago and $13 billion in March 2025. The company has surpassed $1 billion in annualized revenue, says transaction volume is growing more than 170% year over year, and is leaning on AI-driven expense, procurement, and model-spend management as a major part of its growth story ahead of a potential IPO.