SynopsisFintech firm Ramp secured $750 million in funding, valuing the company at $44 billion. This significant jump highlights investor confidence in AI's potential to transform corporate finance through automation. The deal signals a strong resurgence in the fintech sector. Ramp's platform helps over 70,000 organizations manage expenses and payments efficiently.Financial technology company Ramp said on Thursday it ​had raised $750 million in ​a new funding round at a $44 billion valuation, ​up from $32 billion in November.The valuation jump reflects mounting optimism that AI can reshape corporate finance by automating tasks such as expense ‌reporting, invoice ⁠processing and ⁠book-keeping, potentially reducing costs and improving efficiency.The deal also highlights a broader rebound in fintech, with investors once again backing fast-growing startups that they bet can challenge legacy businesses.Ramp's latest funding round was led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, with backing from Goldman Sachs Alternatives, ⁠D.E. Shaw ‌and Morgan Stanley Investment Management.Existing backers Founders ​Fund, Lightspeed ​Venture Partners, D1 Capital Partners, T. Rowe Price ⁠and General Catalyst also joined the round.Founded ​in 2019, the company offers corporate cards, payment ​services and expense management applications.Ramp said more than 70,000 organizations, from family farms and space startups to Fortune 100 companies, use its platform and have saved more than $12 billion and 27 million hours.Customer benefits are growing, with ‌data showing the median customer saved 50% more money and 32% more time annually in May ​2026 than ​a year earlier, ⁠Ramp said. Customers using its full suite of products more than doubled those gains, it added."We're growing as fast as we ​were three years ago, at roughly twenty times the size, and that's because finance is going through the biggest structural change since the spreadsheet," said Eric Glyman, co-founder and CEO of Ramp, in a statement. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now