Ramp CEO says the fintech startup is just scratching the surface

Ramp, a New York-based fintech startup that provides corporate credit cards, has raised $300 million in new funding, bringing its total funding to date to $800 million. The latest round was led by Coatue and included participation from existing investors such as Stripe, Index Ventures, and Thrive Capital.Ramp CEO Eric Glyman said the company plans to use the new funding to expand its product offerings and grow its team."We're just scratching the surface of what's possible with Ramp," Glyman said in a statement. "This new funding will allow us to accelerate our growth and continue to build the best corporate card and spend management platform in the world."Ramp's corporate credit cards are designed to help businesses save money and time on their spending. The cards offer unlimited rewards, no annual fees, and real-time expense tracking. Ramp also provides a spend management platform that helps businesses track and manage their spending in one place.Ramp has been growing rapidly since its launch in 2019. The company now has over 5,000 customers, including some of the world's largest companies. Ramp's revenue has grown by more than 10x in the past year.The new funding will allow Ramp to continue to expand its product offerings and grow its team. The company plans to launch new products, such as a virtual card solution and a mobile app. Ramp also plans to hire more engineers, product managers, and sales staff."We're excited to continue to build Ramp and make it the best corporate card and spend management platform in the world," Glyman said.

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