📰 US corporate spend management platform Ramp is currently in talks for a new round of funding, aiming to raise about $1 billion, valuing the company at roughly $60 billion. The negotiations haven’t been finalized yet, and the specific terms may still change.
🔥 What stands out the most is the speed of the valuation increase. Just three months ago, Ramp’s valuation was $44 billion; now the proposed valuation is up by another $16 billion to $60 billion—an increase of about 36%. Honestly, the pace of the price hike is pretty aggressive.
Ramp was founded in 2019. It initially focused on startup expense reimbursement management, and later expanded into payment processing and AI risk control. To date, the company has raised a total of $3 billion, with investors including Iconiq, Thrive Capital, and Founders Fund.
💡 The key figure supporting the valuation is that Ramp’s annualized revenue surpassed $1.5 billion in June of this year. Based on a rough $60 billion valuation estimate, that corresponds to about 40x annualized revenue—investors clearly are willing to pay a premium for its continued growth.
👀 On the other side, Ramp’s main competitor, Brex, was acquired by US Capital One Financial for $5.15 billion this year. One goes for a merger-and-acquisition exit, while the other keeps pushing for higher-valuation fundraising—this contrast is pretty interesting.
🤔 If Ramp ultimately closes at a $60 billion valuation, do you think its $1.5 billion in annualized revenue can hold up—or are investors betting too aggressively?
#Ramp #金融科技 #AI风控 #venture capital financing
🔥 What stands out the most is the speed of the valuation increase. Just three months ago, Ramp’s valuation was $44 billion; now the proposed valuation is up by another $16 billion to $60 billion—an increase of about 36%. Honestly, the pace of the price hike is pretty aggressive.
Ramp was founded in 2019. It initially focused on startup expense reimbursement management, and later expanded into payment processing and AI risk control. To date, the company has raised a total of $3 billion, with investors including Iconiq, Thrive Capital, and Founders Fund.
💡 The key figure supporting the valuation is that Ramp’s annualized revenue surpassed $1.5 billion in June of this year. Based on a rough $60 billion valuation estimate, that corresponds to about 40x annualized revenue—investors clearly are willing to pay a premium for its continued growth.
👀 On the other side, Ramp’s main competitor, Brex, was acquired by US Capital One Financial for $5.15 billion this year. One goes for a merger-and-acquisition exit, while the other keeps pushing for higher-valuation fundraising—this contrast is pretty interesting.
🤔 If Ramp ultimately closes at a $60 billion valuation, do you think its $1.5 billion in annualized revenue can hold up—or are investors betting too aggressively?
#Ramp #金融科技 #AI风控 #venture capital financing
