News Summary

Ramp, a fintech company specializing in corporate expense management, has achieved a remarkable valuation of $32 billion following a $300 million funding round led by Lightspeed. This valuation surge comes just a few months after a $22.5 billion valuation in July. Over the past 18 months, Ramp’s valuation has quintupled from $7.65 billion. The company, which offers corporate credit cards and expense management software, has raised a total of $2.3 billion in equity financing to date. Ramp reports having surpassed $1 billion in annualized revenue and serves over 50,000 customers globally.