Ramp

Today, Ramp announced a new valuation: $13 billion. This is a reflection of what we’ve accomplished for you, our 30,000+ customers. In less than 6 years, we’ve saved businesses $2B+ and 20M+ hours — over half in the past year alone. Thank you for the opportunity to work hard for you and your company. Read our CEO Eric Glyman's letter to customers here: https://lnkd.in/eQ_rJQPA

In fintech, KYC usually means compliance requirements. At Ramp, it now means something more. With 30,000+ businesses using Ramp, we wanted a way for employees to explore and support the incredible companies in our customer base—while also putting our own product to the test. That’s why we launched the Know Your Customer (KYC… get it?) Spend Program—a quarterly initiative where every employee gets $50 to spend with a select group of customers (while dogfooding our merchant restriction features, of course). To make it even more engaging, our Customer Marketing team crowdsourced nominations and shared details about each customer’s story and offerings. This quarter’s featured customers: 🏋️ Barry’s Bootcamp – Get your sweat on with HIIT workouts 🥾 AllTrails – Find your next hike and grab outdoor gear 🍻 Athletic Brewing – Non-alcoholic craft beer, great for Dry January (or any time) ☕ Kolkata Chai – Bringing authentic chai to the U.S. 🍽️ Food52 – Beautiful kitchen and home goods Here’s exactly how we implement our Know Your Customer spend program at Ramp: How much? • $50 per employee; resets quarterly • New customers are selected each cycle based on employee nominations How is it issued? • Auto-issued to every employee • Funds appear instantly upon onboarding—new hires can start using Ramp right away. Any restrictions? • Yes, funds can only be spent at the 5 selected customer merchants • Employees can: ↳ Spend directly with their Ramp card (for example, at Kolkata Chai’s Nolita café in Manhattan) ↳ Use virtual cards for online purchases (like ordering kitchen gear from Food52) ↳ Reimburse against these funds if they use personal cards or cash. Automate accounting fields? • Every transaction is automatically booked to a dedicated Know Your Customer • Benefit GL account in NetSuite. • Transactions are marked “Ready to sync” for faster month-end close. What’s needed after spend? • Receipts, memos, and correct accounting codes are required at submission. • Card transactions are auto-approved, but reimbursements require manager approval. • If an employee loses the receipt, they can sign a Missing receipt affidavit. As I’ve said before, Spend Programs are one of Ramp’s most underrated features. They make it easy to issue and manage company funds—whether for coffee, wellness benefits, WFH stipends, or travel per diems. Who knew compliance could be this fun?

It's not often that your former and current professional industries collide, but this one hit close to home as I got to blend adtech with fintech in Ramp's new partnership with Comcast's Universal Ads. Universal Ads is a one-stop TV advertising platform providing access to premium inventory across A+E Global Media, AMC Networks, DirecTV, Fox Corporation, NBCUniversal, Paramount, Roku, Discovery, and much more. Now Ramp customers have access to a new and smarter way to grow - through Universal Ads and the unique offer for our 30,000+ customers. Shoutout to James, Sean, Jo, Grace, Grant, Jareau, Dan, Nathan, Aodan, Michael, Connie, Andrew, and many more than made this come to life so quickly!

Numbers matter, but behind every spreadsheet is a person who tells the real story. In our latest Accountant Spotlight Series, we're honored to feature Adam J. Hoke of 512Financial. His story is defined by entrepreneurship, community building, and a genuine curiosity that transcends his professional life. Learn why he believes the right tools can redefine accounting: https://lnkd.in/e5t42JAU

It's starting to look like the January 2025 hype around DeepSeek may be short-lived. Latest data from Ramp shows that 2/3rds of businesses that tried DeepSeek in January stopped using it in February. Meanwhile, Grok by xAI is rising. Some of this may be businesses experimenting with a new model (Grok 3 is a major improvement). But I think Grok likely has stronger staying power than DeepSeek (R1 wasn't multimodal). To say nothing of the businesses + orgs that have blocked the model entirely.

Introducing our new partnership with Universal Ads, powered by Comcast! Now, Ramp customers can easily access premium TV advertising inventory from major networks like NBCUniversal, Warner Bros. Discovery, Fox, and Paramount—all in one platform. Get a $500 discount today by signing in as a Ramp admin, then clicking: Company → Rewards → Universal Ads 😎

What’s better than a great review? A great review that ✨actually✨ drives deals. Join What’s New at G2 for our latest innovations & expert tips on using reviews to strengthen your brand presence AND drive pipeline. Plus, get an exclusive look at how Ramp is showcasing G2 Reviews—expanding their reach to buyers ready to purchase across marketplaces. 🗓️ Our own Rachel Bentley and Alex Shevchenko from Ramp take the virtual stage to break it all down live on March 12th. 🔗 below to grab your spot!

Meet Alejandro Calderon Valenzuela, the CFO of Roof Squad. Constantly shuffling money between accounts, battling aggressive fraud detection that froze payments, and being forced to choose between earning interest or accessing liquidity to pay bills—he knew it was time for a change. Then came Ramp Treasury. Now, Roof Squad's operating cash earns from the first dollar while remaining fully accessible for same-day payments. What was once a 10-hour weekly headache is "just a couple clicks away." "Ramp Treasury is the single greatest product I've ever seen in the financial market," says Alejandro, whose team now saves 50+ hours weekly across finance operations. Read the full story: https://lnkd.in/enqTq2mM

While other kids were learning multiplication tables, she was automating month-end close for a Fortune 500 company. Meet the 8yo Child CFO. An inspiring (and very real) icon who partnered with Ramp to build a financial system she could trust.

When your team starts acting like the CEO with the company card, it’s time for smarter controls. Just ask Kolin Jones and Amalfi Jets—his team tried pushing the limits, but Ramp pushed back! Let's just say Nobu didn't make the cut. 🍣🚫