Ramp seeks to raise $750 million at valuation of over $40 billion

Corporate card startup Ramp is in discussions to raise another $750 million at a pre-money valuation of more than $40 billion, according to a report by The Wall Street Journal.

The report said existing investors Iconiq Capital and GIC are expected to co-lead the funding round.

However, the deal has not yet been finalised, and the terms could still change.