Ramp Boosts AI Finance, Hits $44 Billion Value

Ramp, a fintech firm based in New York, just wrapped up a $750 million Series F raise that pushed its worth to about $44 billion. The fresh money will fuel new AI‑driven tools for businesses that use the platform. Investors in the round included many familiar names, from Founders Fund to Khosla Ventures. The deal also highlighted a new billing model: companies pay for AI use by the token, turning artificial intelligence into a measurable expense line. The company’s transaction volume grew 170 % year‑over‑year in March, the fastest jump in three years. Ramp says this surge comes from AI features like token‑spend controls and a new suite called Ramp Stack, which is helping it serve accounting firms for the first time.Customers report big savings. In May data, users of Ramp’s full product range cut costs in half and saved more than a third of their time compared to the previous year. That level of efficiency is attracting firms that need tighter budget oversight. Ramp has also bought two new businesses: Billhop for European payments and Juno for travel booking. With these moves, it plans to launch services in the UK and Europe later this summer. The company is watching public‑market trends closely. Its CEO notes that companies showing rapid growth while staying cash positive are becoming rare and appealing to investors looking at IPOs.