Growth metrics and customer impact
According to the company, the platform now serves 85 000 businesses and generates monthly savings exceeding $1 billion. Annualised revenue crossed the $2 billion threshold during the summer months, while the firm reports a positive cash flow.
In September alone, Ramp claimed to have saved its clients 1.5 million hours, a figure the founders equate to returning a full working month to 9 000 individuals.
Evolution of valuation and market reach
The latest round marks a jump from a $32 billion valuation recorded earlier this year to the current $60 billion. Correspondingly, annualised revenue grew from just over $1 billion to more than $2 billion, and the customer base expanded from 65 000 to 85 000. Average cost savings per client rose from 5 percent to 7.5 percent of spend. Ramp also moved from operating solely in the United States to establishing a presence in three additional countries.
In June, the company secured $750 million at a $44 billion valuation. The investors behind the newest round were not disclosed in public statements.
European expansion and product rollout
Ramp entered the United Kingdom market on 15 September, offering corporate cards, expense management, bill payments and accounting automation. The launch was accompanied by the acquisition of Billhop, a Stockholm‑based fintech, earlier in March.
Since the UK debut, the firm adds more than 100 new customers each month, with Oancea personally overseeing onboarding to avoid delays tied to existing contracts. He hinted at further country launches, noting that the expansion is only beginning.
Product developments announced this year include Stack for accelerated book closing, Accounts Receivable, AI Spend Management, Router that selects optimal AI models, and Glass, a learning‑once solution for teams. The founders highlighted that 476 additional features were introduced by October, emphasizing rapid innovation.
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