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New Fintech Unicorn Ramp Lands $1.6 Billion Valuation And $115 Million In Fresh Funding From Stripe, Goldman Sachs And More
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Ramp Cofounders Karim Atiyeh (left) and Eric Glyman (right) founded the fledgling startup just two years ago and launched it right as the pandemic started to spread across America.
Ramp and Romina Hendlin
Just one year after launching, corporate credit card startup Ramp has become fintech's latest unicorn, amassing an eye-popping $1.6 billion valuation as it received $115 million in new funding led by D1 Capital Partners and $95 billion payments goliath Stripe.
Announced on Thursday, Ramp's all-equity round brings the New York City-based company's total funding to $320 million, including $150 million in debt financing from Goldman Sachs in February. Goldman doubled-down with an equity investment in this latest round, alongside Founders Fund, Coatue Management and Thrive Capital.