Ramp Seeks $750 Million Funding Round at $40 Billion Valuation

Corporate card and expense management startup Ramp is seeking $750 million at a valuation above $40 billion. Investors are betting on Ramp's rapid AI-driven growth as the company pursues the new capital. The fundraising effort comes as Ramp continues to expand its position in the corporate payments and expense management sector.

@WSJ reported that the startup is seeking the funding at a valuation above $40 billion. Ramp is a corporate card and expense management startup whose growth has drawn significant investor interest centered on its use of artificial intelligence. The latest round would represent one of the largest private financings for a fintech company in recent years if completed at the targeted terms.

Details on which investors may participate have not been disclosed.