New York-based fintech firm Ramp has closed a $750 million Series F funding round, pushing its valuation to $44 billion. The round was co-led by ICONIQ Capital, Singapore’s sovereign wealth fund GIC, and the Ontario Teachers’ Pension Plan. New investors include Goldman Sachs Alternatives, D.E. Shaw & Co., and Morgan Stanley Investment Management.
Ramp’s valuation stood at roughly $32 billion in November 2025. The company reports annualized revenue exceeding $1 billion and has achieved positive operating cash flow. Annual purchase volume on its platform now surpasses $200 billion.
Growth is driven by deep integration of artificial intelligence across its expense, policy, and fraud detection tools. Ramp has also expanded into stablecoin services, now supporting USDC and USDT accounts for business transactions.