Crypto payments firm Ramp raises $70 million in 'more than 50% up round' (2024)

FAQs

Crypto payments firm Ramp raises $70 million in 'more than 50% up round'? ›

Crypto payments firm Ramp has raised $70 million in Series B funding as the founder claims its valuation has increased by more than 50% in a “very healthy” up round. It was previously reported by The Block that the startup was worth $300 million at the time of raising its Series A last year.

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 Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC.

Our infrastructure is hosted by Google Cloud Platform in a secure cloud services platform which is SOC2 and ISO 27001 compliant.

The live price of RAMP is $ 0.085971 per (RAMP / USD) with a current market cap of $ 41.08M USD. 24-hour trading volume is $ 3,168.39 USD. RAMP to USD price is updated in real-time. RAMP is -7.57% in the last 24 hours with a circulating supply of 477.84M.

This is because on-ramps into the industry allow for value creation, and these companies capture a portion of the value transferred through them. Ramp has the same value creation and capture that we like as investors. But Ramp isn't an exchange. Ramp is what we consider to be a next-generation crypto on-ramp.

Ramp earns revenue primarily through your use of the Ramp card. Every time you make a purchase, merchants incur a small fee known as an "interchange fee." This fee is shared between Visa, Ramp's card network partner, and the merchant's bank. Ramp receives a portion of this fee.

Ramp is completing a $150 million Series D-2 funding round, raising the company's valuation to $7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC.

You'll receive an order confirmation email from Ramp, and your crypto will generally arrive between 5-20 minutes. Ramp will save your information to streamline future purchases.

With offices in the UK, US, and Poland, Ramp employs more than 160 people from all over the globe.

RAMP Stock Forecast FAQ

Based on analyst ratings, LiveRamp Holdings's 12-month average price target is $48.75. LiveRamp Holdings has 41.30% upside potential, based on the analysts' average price target.

Can I buy Bitcoin with ramp? ›

With Ramp, you can easily buy Bitcoin online with debit cards, credit cards, bank account, Google Pay, Apple Pay, and more. Fast and secure: buy and send Bitcoin instantly from your wallet as soon as it hits your wallet.

Crypto on-ramps and off-ramps are key ideas in digital currencies. They link blockchain tech with the traditional financial system. A crypto on-ramp lets users turn traditional fiat currencies into digital assets. A crypto off-ramp does the opposite, turning crypto assets back into traditional fiat money.

Corporate cards: Ramp issues corporate cards designed for B2B transactions. This allows companies to manage and control spend across their entire organization. These cards often come with customizable spending limits. Expense management: Ramp offers tools for tracking, categorizing, and managing business expenses.

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Ramp combines the power of corporate cards, expense reimbursem*nts, and bill payments in one simple, scalable spend management solution. With Ramp, you can say goodbye to expense reports, pay vendors in record time, and automate finance tedium, all while saving an average of 5%* and closing your books 8x faster.

April 17 (Reuters) - Ramp, a developer of finance and expense management software for companies, has raised $150 million in a funding round led by Khosla Ventures and Founders Fund, the company said on Wednesday.

Fintech Platform Ramp Secures $150M at $7.65B Valuation | Built In NYC.

The company was formally launched in February 2020 and reached $100 million in annualized revenue by early 2022. As of 2024, Ramp had reached $300 million in annualized revenue with more than 25,000 businesses on its platform.

Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down a $150 million Series D-2 funding round.

Ramp confirms new $8.1B valuation after 'a nearly 10x' YoY increase in revenue. Corporate management startup Ramp confirmed that it has secured $550 million in debt and $200 million in equity in a new financing that doubles its valuation to $8.1 billion.