#corporate spend

Ramp’s $750M Round Turns AI Spend Controls Into a Fintech Growth Test

Ramp raised $750 million at a $44 billion valuation as the corporate expense platform broadens from spend management into payments, procurement, fraud detection and accounting. The company said it has more than $1 billion in annualized revenue, over 70,000 customers and more than $3 billion raised in total. The practical test is whether token-spend controls and AI-agent payments become durable revenue lines rather than investor-friendly positioning.