Ramp, a financial operations platform, has announced the completion of a $150 million Series D-2 funding round, led by Khosla Ventures and Founders Fund. This funding round raises the company’s valuation to $7.65 billion.
The company helps businesses simplify and streamline their financial processes with solutions for corporate cards, expense management, procurement, accounts payable and vendor management. Ramp’s software works to help finance teams save time, reduce costs and make informed decisions to drive the success of their businesses.
Ramp will invest its new funding in innovation to further deliver value to its customers. This includes leveraging AI capabilities to automate processes, providing deeper insights into spending and enhancing its tech’s decision-making capabilities.
