Company Has Saved its 45,000 Customers More Than $10 Billion and 27.5 Million Hours to Date
NEW YORK, Sept. 9, 2025 /PRNewswire/ — Ramp, the leading financial operations platform, announced it surpassed $1 billion in annualized revenue and is generating operating cash flow, just five years after launching its first corporate card product. The milestone represents rapid, efficient growth as the company deploys AI agents across product lines and expands into new markets.
“$1 billion in revenue is not the story, it’s a byproduct of the value we bring for our customers. For too long, businesses have been told to accept wasted time and money as the cost of doing business. Ramp exists to fight that misbelief,” said Eric Glyman, co-founder and CEO of Ramp. “Our customers hold us to the highest standard. From family farms to the Fortune 100, they took a chance on us in our earliest days, and this team has worked relentlessly for them ever since. Our responsibility is to save them more time and money today than we did yesterday. Reaching one billion shows we’re on the right path, but our obsession has no finish line.”
Key Stats as of August 31, 2025
- To date, saved customers over $10 billion and 27.5 million hours.
- Surpassed $1 billion in annualized revenue and generating operating cash flow.
- Reached 45,000 customers, with over half using two or more products across Ramp’s five product lines: corporate cards and expense management, bill payments, procurement, travel booking, and treasury.
- Enabled $100 billion in annualized purchase volume, with Bill Pay more than tripling year-over-year.*
- Grew enterprise customer base by 120% year-over-year, with 1,700 customers contributing $100,000 or more in annualized revenue.
- Exceeded $1.5 billion in assets under management for Ramp Treasury since the January 2025 launch.
Ramp’s Mission: Save Every Business Time and Money
Ramp’s customers have saved over $10 billion and 27.5 million hours to date, including:
- Global industrial manufacturer stopped over $4 million in out-of-policy spend by using Ramp’s market-leading controls to block unapproved categories and merchants at the point of purchase. That represents approximately 10% of the $47 million in out-of-policy spend attempted on their Ramp cards last year, dwarfing what any rewards program could deliver.
- Large US educational provider cut approval cycles from 1 month to 1 week and shortened month-end close by 15 days by managing procurement, bill pay, reimbursements, and cards on Ramp.
- Leading social network reduced manager review workloads by over 90% using Ramp Agents as autonomous reviewers. With 99% accuracy and 15x more out-of-policy spend flagged than manual processes, the controls far outperformed all non-AI alternatives.
“Ramp has been with us since the beginning, serving as the AI-powered solution for our finance team and enabling us to move quickly as we scale one of the fastest-growing companies in our industry,” said Joe Iantosca, Chief Financial Officer at Cyera. “In just 18 months, Cyera has expanded into more than 10 countries across three continents. Ramp already supports our teams globally, and as its AI automation continues to advance, it will unlock even greater efficiencies to keep us moving faster than ever.”
For more information on how Ramp can help your business save time and money, visit www.ramp.com.
About Ramp
Ramp is a financial operations platform designed to save companies time and money. Our all-in-one solution combines payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping with built-in intelligence to maximize the impact of every dollar and hour spent. Over 45,000 organizations, from family farms to space startups, have saved $10 billion and 27.5 million hours with Ramp. Founded in 2019, Ramp powers $100 billion in purchases annually. Learn more at www.ramp.com.
* Ramp does not include bank transfers or non-monetized payments when calculating Total Purchase Volume.
Contact
press@ramp.com
SOURCE Ramp