Ramp in talks to raise $1 billion at $60 billion valuation

Fintech startup Ramp is in early-stage negotiations to raise approximately $1 billion in a new funding round, potentially pushing its valuation to $60 billion. This would represent a 36% increase from its previous $44 billion valuation just three months ago. While terms remain subject to change, the company has not commented on the reports. Founded in 2019, Ramp provides corporate expense management, payment processing, and AI-driven fraud detection services, having raised a total of $3 billion to date.