RAMP-AIRWALLEX PARTNERSHIP REPORTEDLY COLLAPSED AS COMPETITION INTENSIFIED

Summary from the TLDR Fintech newsletter

A proposed partnership between Ramp and Airwallex to strengthen Ramp's international payments capabilities reportedly fell apart in April 2025 after Airwallex investors pushed CEO Jack Zhang to compete with Ramp instead. Ramp co-founder Eric Glyman reportedly tried to salvage the deal and later warned that the relationship between the two fintechs could become less friendly as they moved toward more direct competition.