Fintech startup Ramp raises $150 million as valuation recovers

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Fintech startup Ramp raises $150 million as valuation recovers
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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - Ramp, a developer of finance and expense management software for companies, has raised $150 million in a funding round led by Khosla Ventures and Founders Fund, the company said on Wednesday.

New York-based Ramp started as a corporate card provider and now has expanded into expense and finance management tool for businesses. It competes with startups such as Brex, as well as public companies like American Express and SAP-owned Concur. The company plans to invest the capital into growing its 730-person team across the U.S. and adding more AI capabilities to help companies manage and monitor spending and save money, as well as eyeing acquisition opportunities.

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