Fintech Startup Ramp Has Raised $1.85 Billion

The corporate card provider reached a $60 billion valuation in its latest funding round.

Updated on Oct. 10, 2026 in Startups

Bold flat-color editorial illustration of a heavy brass weight, symbolizing the significant valuation and financial stability of the fintech firm. — Fintech startup Ramp secured $1.85 billion in its latest funding round, pushing the corporate card provider's valuation to $60 billion. AI Illustration. Upload story photo >

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Fintech startup Ramp has secured $1.85 billion in a new funding round led by Dragoneer Investment Group and Thrive Capital. The raise has propelled the company's valuation to $60 billion.

Why it matters

The investment underscores continued confidence in financial automation platforms that offer integrated corporate card and expense management solutions to businesses.

Ramp attained a $60 billion valuation, representing a $16 billion increase over its $44 billion valuation in June 2026. The firm currently serves 70,000 business clients and generated $1.5 billion in annualized revenue as of June 2026.

The players

Ramp

This New York-based fintech company provides corporate cards and expense management software to businesses.

Dragoneer Investment Group

This investment firm focuses on growth-oriented technology companies and led the latest funding round for the startup.

Thrive Capital

This venture capital firm specializes in internet, software, and technology-enabled business investments and co-led the funding round.

Founders Fund

This prominent venture capital firm invests in early-stage and growth-stage companies and participated in the recent funding.

The details

Founded in 2019, the New York-based company provides corporate cards, payments, and fraud detection tools supported by expense management software. The latest capital injection included participation from Founders Fund, as the firm looks toward potentially training its own AI models.

Ramp was founded in 2019.
The company raised $750 million at a $44 billion valuation in June 2026.
An AI tool was released by the company in August 2026.
Funding talks were reported by Bloomberg in September 2026.
The $60 billion valuation was officially reported on October 10, 2026.

Market Landscape

The firm's rapid valuation growth marks a significant departure from the $5.15 billion valuation of competitor Brex. This trend highlights a widening gap between market leaders in the corporate spend management sector and smaller industry rivals.

For current and prospective clients, this infusion of capital likely indicates continued investment in the firm's expense management software and product reliability. Users should expect a potential acceleration in the release of new automated financial tools following the investment.

The takeaway

The massive valuation jump indicates that investors prioritize companies that successfully bundle expense management with complex fraud detection tools. Business owners should track whether this capital leads to lower service fees or more robust platform features in the coming months.