ChainCatcher report, according to Bloomberg, fintech startup Ramp is in early negotiations with investors for a new funding round, with the company’s valuation expected to reach approximately $60 billion. If the deal is finalized, Ramp’s valuation would increase by about 36% from its previous $44 billion valuation in just three months. Sources familiar with the matter said Ramp aims to raise around $1 billion in new capital; negotiations are ongoing and specific terms may change. Ramp declined to comment. Founded in 2019, Ramp primarily provides services such as expense management, payment processing, and AI-powered fraud detection for businesses. In June this year, the company completed a $750 million funding round, bringing its total raised capital to approximately $3 billion to date.
Ramp aims to raise $10 billion in a new funding round, with valuation expected to reach $60 billion.
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Summary
Ramp is in early discussions for a new funding round with a target valuation of $60 billion. The fintech startup aims to raise $10 billion, up from its $44 billion valuation in March. Ramp provides business expense management tools and AI-powered fraud detection. The company recently announced $750 million in project funding. New token listings remain a key priority for crypto investors. Total funding now stands at $3 billion. Terms are still under negotiation.
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