TechFlow News, June 4: According to PRNewswire, Ramp, an enterprise payment and financial management platform, announced today the completion of a $750 million Series F funding round, led by ICONIQ, GIC, and the Ontario Teachers’ Pension Plan. The company’s valuation now stands at $44 billion. Proceeds from this round will be used to further invest in AI capabilities.
Ramp reported that its total payment volume for March 2026 grew approximately 170% year-on-year. As of June 1, 2026, Ramp’s annualized revenue exceeded $1 billion, it served over 70,000 customers, and its annualized procurement transaction volume surpassed $200 billion. Recently, Ramp launched several AI-powered features, including token expense management, budget tracking, procurement agent, and accounting agent.
