Ramp

Ramp makes corporate cards and finance software for businesses. Eric Glyman and Karim Atiyeh founded the company in 2019, along with Gene Lee. The two lead founders had earlier built and sold a savings app called Paribus. Ramp is based in New York City.

Employees get physical and virtual Ramp cards with spending limits set by the finance team. Receipts are matched to transactions, expenses are coded and synced to accounting software, and policies are checked as people spend. Ramp also handles bill payments, purchase approvals, procurement and travel bookings in the same system.

Its pitch is that it helps companies spend less, so the product flags duplicate software subscriptions and other waste. The company uses AI to read receipts, fill in expense details and review spending against policy. Its customers range from small startups to large companies. Ramp earns most of its money from card interchange fees paid by merchants. The company has raised many funding rounds in a short time and remains privately held.