Fintech Ramp valued at $22.5 billion in late-stage funding round

Business

Ramp has secured a valuation of $22.5 billion in a late-stage round, it said on Wednesday, marking a nearly 41 per cent jump in just over a month as fintech funding rebounds after a years-long slump. The New York-based company — which offers corporate cards, payment services and expense management applications — raised $500 million in the latest funding round, led by investment firm ICONIQ, taking its total equity financing to $1.9 billion. Existing investors Founders Fund, GIC, Coatue and

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