Ramp, a fintech startup that helps businesses manage their spending, has raised $115 million in a Series B funding round led by Coatue. The funding round values the company at $1.6 billion.Eric Glyman, CEO of Ramp, said the company is "just scratching the surface" of its potential. He said that Ramp is "going after a $100 trillion market" and that the company is "well-positioned to become the leading provider of financial services to businesses."Ramp was founded in 2019 by Glyman and Karim Atiyeh. The company has raised a total of $165 million in funding to date.Ramp's platform allows businesses to issue corporate cards to their employees, track spending, and manage invoices. The company also offers a rewards program that gives businesses cash back on their spending.Ramp has grown rapidly since its launch. The company now has over 3,000 customers, including Dropbox, Gusto, and Figma.Glyman said that the company's growth is being driven by the increasing demand for financial services that are tailored to the needs of businesses. He said that Ramp is "making it easier for businesses to manage their spending and get the most out of their finances."The fintech boom has been a major driver of growth in the technology sector in recent years. Ramp is one of a number of startups that are looking to capitalize on the growing demand for financial services that are tailored to the needs of businesses.If Ramp is able to execute on its plans, it has the potential to become a major player in the fintech industry. The company has a strong team, a solid product, and a large market opportunity. It will be interesting to see how the company performs in the years to come.