Fintech firm Ramp’s valuation surges to $44 billion on AI-driven growth
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.
