About Ramp
Ramp is a company based in New York (United States) founded in 2022 by TK Kong was acquired by Ramp in January 2024. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Ramp has raised $1.2 million across 1 funding round from investors including Ramp, Pathlight Ventures and Sequoia Capital. The company has 207 employees as of December 31, 2021. Ramp offers products and services including Ramp Procurement, Corporate Cards, and Expense Management. Ramp operates in a competitive market with competitors including BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea, among others.
- Headquarter New York, United States
- Employees 207 as on 31 Dec, 2021
- Founders TK Kong
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ramp Business Corporation
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Products & Services of Ramp
Ramp offers a comprehensive portfolio of products and services, including Ramp Procurement, Corporate Cards, and Expense Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Procurement processes are automated from intake to payment.
Corporate cards are provided for business expense management.
Expense tracking is streamlined for business financial control.
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Sales and Marketing
36 people
Software Development Team
35 people
Leadership Team
32 people
Account Team
20 people
Finance and Accounting
18 people
Senior Team
17 people
Manager Team
14 people
Data Analysis and Operations Team
11 people
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Funding Insights of Ramp
Ramp has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(01 Jun 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Seed - Ramp | Valuation | Sequoia Capital , base case |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ramp
Ramp has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ramp, Pathlight Ventures and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage investments are made in innovative startup founders by Basecase.
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Founded Year | Domain | Location | |
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Venture capital investments in healthcare, fintech, public sector, enterprise software, and vertical AI.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ramp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ramp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ramp Comparisons
Competitors of Ramp
Ramp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BirchStreet Systems, PayEm, Concertiv, BuyerQuest and Omnea, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procure-to-pay solutions are delivered for business management.
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| domain | founded_year | HQ Location |
SaaS expense management solutions are delivered for corporate organizations.
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| domain | founded_year | HQ Location |
Web-enabled end-to-end procurement management solutions are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay software is provided for e-procurement and spend management.
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| domain | founded_year | HQ Location |
Web-enabled solutions for procurement orchestration in supply chains are offered.
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| domain | founded_year | HQ Location |
SaaS-based source-to-contract platform is provided for governments, utilities, and corporates.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ramp
When was Ramp founded?
Ramp was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Ramp located?
Ramp is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Ramp?
TK Kong is the current CEO of Ramp. They have also founded this company.
Is Ramp a funded company?
Ramp is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 01, 2023.
How many employees does Ramp have?
As of Dec 31, 2021, the latest employee count at Ramp is 207.
What does Ramp do?
Ramp is engaged in delivering procurement and financial management software. Solutions are offered for automating intake-to-pay processes, managing corporate expenses, and providing corporate cards. The company serves various sectors including startups, small businesses, mid-market, and enterprise clients. Integration with accounting systems and vendor management tools is supported to enhance financial operations and savings.
Who are the top competitors of Ramp?
Ramp's top competitors include Concertiv, Omnea and BirchStreet Systems.
What products or services does Ramp offer?
Ramp offers Ramp Procurement, Corporate Cards, and Expense Management.
Who are Ramp's investors?
Ramp has 4 investors. Key investors include Ramp, Pathlight Ventures, Sequoia Capital, and Basecase.
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