Ramp introduces an automated investment account for finance teams
The account offers diversified fixed-income portfolios with up to 4.16% YTM, set up in minutes.
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Spend management platform for finance teams
ramp.comLast updated
In short: Ramp achieved a $44 billion valuation following a $750 million funding round and launched several AI-driven financial automation solutions.
The account offers diversified fixed-income portfolios with up to 4.16% YTM, set up in minutes.
The round was led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, with new and returning investors.
The company addresses the challenge of invisible token spending with a new finance system pillar for AI-driven costs.
The product uses AI to automate month-end close processes, built with input from over 20 accounting firms.
The corporate finance fintech now has a $44 billion valuation and is building out an AI token spend management offering for its 7,000-plus enterprise customers.
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