Ramp competitors

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Ramp

Industry

Payments

Funding

Series D-2

Team size

1,000

Revenue

$100M - $250M

Competitors details

Ramp operates in a highly competitive financial management landscape with significant players such as Brex, Airbase, Spendesk, Navan, and BILL. Each competitor offers unique value propositions in expense and spend management, making differentiation crucial. The competitive pressure drives Ramp to continuously innovate and refine its product to meet market demands.

- Key competitors: Brex, Airbase, Spendesk, Navan, BILL.
- Differentiators: Automated expense reporting, real-time insights, flexible pricing.
- Continuous innovation is critical for maintaining market share.

Ramp's strategy includes highlighting its unique features and providing enhanced customer support to ensure it stands out in a crowded market.

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Investors & funding

Ramp has raised a total of $1.41 billion over 11 rounds, with the latest being a $150 million Series D-2 round; key investors include Khosla Ventures, Founders Fund, Sequoia Capital, Greylock, Thrive Capital, and Sands Capital. The company strategically uses this funding to enhance AI capabilities, expand market reach, and modernize its spend management solutions.

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Business model

Ramp generates revenue through corporate card usage fees and Ramp Plus subscriptions, employing a product-led go-to-market strategy. Its model leverages trial options and a focus on transaction fees, upsells, and enterprise deals to drive predictable recurring revenue.

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Key decision makers

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