Overview
Ramp is an AI-powered spend management platform founded in March 2019 in New York City by Eric Glyman (CEO, Harvard), Karim Atiyeh (CTO, Harvard classmate), and Gene Lee. Glyman and Atiyeh previously co-founded Paribus (acquired by Capital One in 2016). The company has raised $2.43B+ across 14 rounds, achieved $32 billion valuation (November 2025), and reached $1B+ ARR, one of the fastest-growing fintech companies in history.
Highlights
- Founder credentials: Harvard founders, Paribus exit to Capital One providing payments experience
- Unprecedented growth: $32B valuation, $1B+ ARR, fastest path to these milestones in fintech
- Unified platform: Corporate cards + expense management + bill pay + procurement + travel + treasury
- AI automation: Real-time expense categorization and policy enforcement
- 1.5% automatic cashback: Universal savings on all spend
- “Help businesses spend less money” philosophy: Contrasts with “earn more points” competitors
- Venue acquisition: AI procurement capabilities (2024)
- Notable customers: Shopify, CBRE, DoorDash, Coinbase
- Use cases: Corporate spend management, procurement automation, travel booking, bill pay
Founded
March 2019 in New York City. Founded by Eric Glyman (CEO), Karim Atiyeh (CTO), Gene Lee (Glyman/Atiyeh previously co-founded Paribus, acquired by Capital One in 2016).
Headquarters
New York City; offices in Miami, San Francisco.
Ownership and funding
Independent. Acquired Venue (AI procurement, 2024). Raised $2.43B+ across 14 rounds; valued at $32B (November 2025). Reached $1B+ ARR.
Core technology
AI-powered automation with real-time expense categorization. Unified platform: corporate cards + expense + bill pay + procurement + travel + treasury. 1.5% automatic cashback.
Market position
Evolved from SMB to all sizes; 30,000 to 40,000+ businesses including Shopify, CBRE, DoorDash, Coinbase.
Product philosophy
“Help businesses spend less money” versus traditional “earn more points”.