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Automated corporate spend management platform Ramp nets $115M

3 days ago   |   By Venture Beat

Ramp, a corporate credit card and automated spend-management platform, has raised $115 million at a $1.6 billion valuation.
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Ramp just raised $115 million at a $1.6 billion valuation in a Series B co-led by Stripe as investors pour money into the red-hot market for corporate cards

Ramp just raised $115 million at a $1.6 billion valuation in a Series B co-led by Stripe as investors pour money into the red-hot market for corporate cards

3 days ago   |   By Business Insider

Summary List Placement Competition is heating up in the corporate card space, an industry that has long been dominated by players like American Express, JPMorgan, and Silicon Valley Bank.
Fintechs like Brex, Divvy, and Ramp have emerged, and they're winning over business owners. Ramp, for one, said a third of its customers switched from American Express.
VCs, too, have taken notice of the fast-growing fintech category.
On Thursday, Ramp announced a $115 million Series B that values the startup at $1.6 billion. The fundraising included participation from fellow fintech Stripe, a new...
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