RAMP REACHES $60B VALUATION AS IT PUSHES DEEPER INTO AI

Summary from the TLDR Fintech newsletter

Ramp raised $1.85 billion at a $60 billion valuation, up from $44 billion just four months earlier, as annualized revenue surpassed $2 billion and annualized purchase volume reached more than $275 billion. The company is expanding well beyond expense management into payments, accounting, procurement, and AI infrastructure, including model routing, token spend management, agentic cards, and Glass, positioning itself as a broader financial and AI operating platform.