Ramp announced its Series E financing, bringing its valuation to $16 billion. For the fifth time, a Ramp funding round was led by Founders Fund – the company’s first and largest investor. Construction One reduced their AP team’s time spent on monthly close by 75%, saving them 360 hours in the last year. Poshmark hit their free cash flow goals 5 months ahead of schedule by redirecting their team’s energy toward strategic projects, not administrative burden. An industrial company (we can’t name) processed $47 million through Ramp cards, using our built-in controls to prevent 9% of spend that was out-of-policy and saving $4 million. In 2025 alone, we’ve shipped 270 features including Card & Expense, Procurement, Treasury. To date, Ramp has saved customers $10 billion and 27.5 million hours. Ramp currently powers over $80 billion in annualized purchase volume across card transactions and bill payments. Ramp’s product line includes corporate cards and expense management, bill payments, procurement, travel booking, and treasury. Half of Ramp customers use two or more products across its platform. With this round, Ramp has raised $1.4 billion in total equity financing.