Ramp, the New York-based fintech company transforming corporate finance through automation, has raised $700 million in under two months, pushing its valuation to $22.5 billion. The latest $500 million round, announced just 45 days after a $200 million raise, is aimed at accelerating the adoption of AI agents across expense management, travel, procurement, and accounting.
Led by Iconiq Capital, the round attracted new backers including GV (Google Ventures), T. Rowe Price, and Emerson Collective. Ramp, which launched its first autonomous finance agents in July, now uses AI for fraud detection, policy enforcement, and real-time optimization of financial workflows.
With legacy finance systems increasingly strained by inefficiencies, Ramp’s AI agents are engineered to replace manual approval chains with intelligent automation — rebooking travel, approving expenses, and reviewing contracts in minutes, not days. Founded in 2019, Ramp has now raised $1.9 billion, positioning itself as a leading force in redefining how companies manage and scale financial operations in the AI era.
