Overview

• ICONIQ Growth led the Series E-2 round with support from Founders Fund, GIC, Coatue, Thrive Capital and General Catalyst.
• Ramp plans to use the funding to expand its engineering, product development, marketing and sales teams to speed deployment of its AI agents.
• Earlier this month Ramp launched its first autonomous AI agents, which thousands of clients are testing for tasks such as expense compliance and fraud detection.
• The New York–based fintech turned cash flow positive in early 2025 and now serves over 40,000 companies while processing tens of billions of dollars in annual transactions.
• Investors view the valuation surge as evidence of a late-stage fintech funding rebound and confidence in AI-driven financial automation despite data security concerns.