Ramp Knows Something About AI That Other Fintechs Don’t

Ramp still sees itself as a software company focused on helping businesses run better, not flashier.
“Let the robots chase receipts and close your books, so you can use your brain and build things.” Ramp co-founder and CEO Eric Glyman isn’t interested in replacing CFOs with artificial intelligence but he has no patience for wasted human time. For Glyman, automating the repetitive, compliance-heavy tasks that dominate corporate finance, expense reports, bill pay, procurement, bookkeeping isn’t a product strategy. It’s the foundation of what he calls “quiet efficiency.” That idea now has a $16 billion price tag. This week, Ramp announced a $200 million funding round led by Peter Thiel’s Founders Fund, raising its valuation by $3 billion just months after its last round in March. The deal is the fifth time Founders Fund has led an investment in the New York-based fin
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Anshika Mathews
Anshika is the Senior Content Strategist for AIM Research. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
25 July 2025 | 583 Park Avenue, New York
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