Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation

Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Fo

Ramp CEO says the fintech startup is just scratching the surface

Fintech exploded over the last five years. Startups in the category raised more than $350 billion in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eri

Fintech Ramp acquires another AI-powered startup

Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simpl

Inside Brex and Ramp’s AI ambitions

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign

Ramp taps AI as fintech hunts for growth

Ramp and Brex have been vocal about how they believe AI will transform the way they operate and serve their customers.

Startups that are Ramp-ing up, and startups that are full of sh**

This is our Friday show, and we’re talking about the week’s biggest startup and tech news.

Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B

Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information repor

Ramp expands into procurement, lands Shopify as a customer

Ramp continues to ramp up its business. The fintech startup announced today that it is entering the procurement space as it focuses more on “complex” enterprises and that it has landed a n

As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io

Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch excl

Ramp reports 4x revenue growth, says it still has ‘vast majority’ of equity funding

2022 was a tumultuous year for many fintech startups. But for Ramp, it was a year of opportunity. The company shared today that it saw its revenue grow by 4x last year, buoyed by what co-founder and C

FTX’s failure could be a stress test for corporate credit card startups

Startups serving startups feels a bit riskier in a post-FTX cryptocurrency era. Here's how Ramp, Brex and Rain are thinking.

Investor’s advice during a downturn: Don’t panic

At TechCrunch Disrupt 2022, Ramp CEO Eric Glyman, Airbase CEO Thejo Kote and Anthemis partner Ruth Foxe Blader discussed how to compete in a tough fundraising environment.

Ramp will now let businesses flexibly finance bills

In the startup world, adding lines of business is always a risk. A company can spread itself too thin and end up not doing a great job at much of anything. Or it can stumble upon an offering that not

ModernLoop aims to automate the process of scheduling job candidate interviews

With the economic turbulence, recruiting is slowing down. Layoffs.fyi, a crowdsourced tech startup layoffs tracker, shows that 60 companies executed layoffs within the past month or so, with over 16,0

Anthemis, Airbase and Ramp will talk about balancing runway and growth in competitive sectors at Disrupt

How long is your startup’s runway? It’s an important question and an essential metric for every early-stage founder to know. But for startups wading into hot sectors with big markets — fintech a

Fintech isn’t dead, as Ramp reports accelerating revenue growth

Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the start of the ye

Selling to startups is not the same as selling to SMBs

Brex's recent decision to exit part of the SMB market was big news. In this context, we want to talk about just what an SMB is and how not all small accounts are the same.

Brex leaving adrift some SMB customers roils corporate spend market

Given how competitive the corporate spend world has proved, Brex has kicked off an interesting strategic conversation in the well-funded fintech startup niche. Let’s talk about it.

Tactic wants to reinvent accounting software for the web3 age

Tactic, a startup that helps businesses manage — and simplify — cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automat

Starlight shoots for the moon, aiming to build the Brex of crypto

Companies are scrambling to participate in the crypto ecosystem, but many of the tools available for them to use are disjointed and not user-friendly, especially for those new to web3. New York-based
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