Friends, Ramp raised $750M at a $44B valuation — fintech with an AI track record

Friends, a quick fintech + AI update: Ramp secured $750M at a $44B valuation.

— The round was led by ICONIQ, GIC and Ontario Teachers’, joined by major investors.
— Ramp reports revenue north of $1B and positive free cash flow; customer base grew to 70K.
— Product expansion: payments, fraud, procurement, accounting and AI agents for spend and token management.
— Launching “cards for AI agents” and token accounting tools to control AI-related spend.

Why it matters: AI spend control is becoming a new growth axis for fintech.

What do you think — is the market ready to pay for AI spend management?

#fintech #AI #spend #investing