TechFlow news — According to TechCrunch, fintech company Ramp has announced a $300 million funding round at a post-money valuation of $5.8 billion, led by Thrive Capital and Sands Capital, with participation from existing investors including General Catalyst, Founders Fund, and others. The new capital will be used to accelerate product development and expand hiring in the second half of this year.
Ramp serves cryptocurrency companies. During last year's FTX collapse, Ramp sent mandatory notifications to crypto firms using its corporate card service, enforcing lower spending limits, and conducted reviews of companies involved in its business within the cryptocurrency, blockchain, NFT, and DeFi ecosystems.
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