How Blackstone transformed Bumble - Millennium s investor letter - Head of secretive Goldman desk exits
Dan DeFrancescoFeb 11, 2021, 16:47 IST
A worker cleans the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020.Lucas Jackson/Reuters
Good morning and welcome to Insider
Finance. I m Dan DeFrancesco, and here s what s on the agenda today:
These are the steps Blackstone took to transform dating-app Bumble, which hits the public markets today.
Check out the latest investor letter from billionaire and Millennium founder Izzy Englander
Goldman Sachs Ram Sundaram, a 20-year veteran of the firm, is departing the bank.
This morning Ramp, a startup that competes in the corporate spend market, announced that it has secured a $150 million debt facility with Goldman Sachs. Ramp previously raised a $30 million Series B in late December 2020, after raising a $23 million Series A earlier in the same year. TechCrunch spoke with Ramp co-founder and […]
Ramp Announces $150M in Debt Financing from Goldman Sachs
Share Article NEW YORK (PRWEB) February 10, 2021
Ramp today announced $150 million in debt financing from Goldman Sachs to fuel growth for Ramp, a corporate card focused on helping businesses spend less money and automate their finances. Goldman Sachs Bank USA provided the credit line to Ramp.
The news follows the appointment of Srinath Srinivasan as Head of Risk at Ramp last month. Srinivasan previously worked at Goldman Sachs and was deeply involved with developing credit underwriting for the Apple Card. Earlier this year, Nik Koblov also joined Ramp to lead Risk and Underwriting Engineering. Before joining Ramp, Koblov served as the VP of Engineering at Affirm and as a Vice President in Credit Technology at Goldman Sachs.
Ramp, the corporate card and spend management designed to save businesses money, has raised $30M in Series A funding from investors that include Founders Fund, Coatue, and D1 Capital Partners. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $55M in reported equity funding.
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