# Ramp

Ramp is a corporate card and spend management platform rated 4.8/5 on G2 (1,600+ reviews) and 4.9/5 on Capterra. Profile: funding, pricing, leadership, and who it is best for.

**Category:** Corporate cards and spend management / finance automation platform  
**Vendor:** Ramp Business Corporation  
**Founded:** 2019  
**HQ:** New York, New York, US  
**Website:** https://www.ramp.com  


## About

Ramp is a finance automation platform that combines corporate cards, expense management, bill pay, accounting automation, and procurement in a single product. The company was founded in 2019 in New York by Eric Glyman, Karim Atiyeh, and Gene Lee. Ramp grew quickly by positioning itself explicitly as a tool that saves companies money rather than a card that rewards individual employee spending, a deliberate contrast to competitors like Brex and Amex that built around personal perks. Ramp reached $100 billion in annualized transaction volume and 25,000 customers by 2024, including names like Anduril, Shopify, and InterCom. The company raised $1.37 billion across several rounds, most recently a Series D-2 in 2023 at a $5.8 billion valuation, and employs approximately 1,000 people. Ramp's free tier covers corporate cards and expense management for most companies, with advanced analytics and procurement features in the paid Ramp Plus tier.

## Ratings

| Source | Score | Reviews |
|---|---|---|
| G2 | 4.8/5 | 1,600+ |
| Capterra | 4.9/5 | 200+ |
| Gartner Peer Insights | 4.7/5 | 80+ |
| TrustRadius | 9.0/10 | 100+ |

## Funding

~$1.37B total across multiple known rounds

| Round | Amount | Date | Lead |
|---|---|---|---|
| Series A | $30M | September 2020 | Founders Fund (with D1 Capital Partners) |
| Series B | $115M | April 2021 | Coatue Management (with D1 Capital Partners, Stripe) |
| Series C | $300M | August 2021 | Thrive Capital (at $3.9B valuation) |
| Series D | $750M | March 2022 | Thrive Capital (at $8.1B valuation; Goldman Sachs lead for debt component) |
| Series D-2 | $300M | August 2023 | Khosla Ventures (at $5.8B valuation; includes debt and equity) |

## Viability

Low-to-moderate risk. Ramp is one of the best-capitalized private fintech companies in the US at $1.37 billion raised. The valuation step-down from $8.1 billion in 2022 to $5.8 billion in the 2023 round reflects the broader fintech reset rather than Ramp-specific problems, and the company continued growing through the period. Ramp's model of making money on interchange revenue from card transactions, rather than SaaS fees, gives it a defensible monetization base tied to actual customer spend volume. The company has stated it was approaching profitability on an operating basis by late 2024. The free tier strategy creates strong retention once a company's financial workflows are built on Ramp, and the bill pay and procurement additions expand the addressable revenue per customer. An IPO or strategic acquisition is the most likely liquidity event in the 2026 to 2028 window.

## Pricing

Ramp's free tier is genuinely full-featured for most small and mid-market companies. Corporate cards with configurable limits, expense management, receipt capture, basic approval workflows, and accounting sync are all included at no per-seat fee. Ramp makes money on interchange, meaning the card swipe generates revenue rather than a monthly subscription, which is why the free tier works economically.
Ramp Plus at $15 per user per month adds custom approval policies, priority support, advanced spend controls, and deeper accounting automation. Most companies under 200 employees find the free tier sufficient unless they have complex multi-entity accounting or procurement approval workflows. The main 'gotcha' is that Ramp requires a US-incorporated entity, so it is not a solution for foreign-incorporated companies or teams primarily based outside the US.

| Plan | Price | Best for |
|---|---|---|
| Ramp (free) | $0 | Most SMB and mid-market companies; covers corporate cards, expense management, bill pay, basic approval workflows, and accounting integrations |
| Ramp Plus | $15/user/mo | Teams needing custom approval policies, advanced spend controls, priority support, and deeper accounting automation; typically 50+ employee companies with a dedicated finance team |
| Ramp Enterprise | Custom (contact sales) | Larger organizations with multi-entity structures, procurement needs, custom integrations, and dedicated account management requirements |

## What reviewers say

_1,600+ G2 reviews at 4.8/5 and 200+ Capterra reviews at 4.9/5, the highest Capterra rating in the corporate card and expense category_

**Praised:**
- The free pricing model is the top-cited strength in positive reviews; finance teams repeatedly say that getting a fully functional corporate card and expense management system at no per-seat cost was not a trade-off on quality, which surprised them relative to paid competitors
- Accounting automation gets specific praise from controllers and accountants; the GL coding automation, duplicate vendor detection, and accounting integration sync reduce month-end close time by hours or days according to multiple reviewer accounts
- The cost savings intelligence is regularly called out; Ramp's AI surfaces duplicate subscriptions, unused software, and negotiation opportunities in a way that reviewers say has paid back the platform cost many times over on a pure savings basis

**Complaints:**
- The card is US-only for company eligibility, which limits Ramp to US-registered entities; international teams or subsidiaries cannot get Ramp cards, which is the single most common dealbreaker in negative reviews from non-US companies
- Customer support response times for complex issues get mixed reviews, particularly from companies on the free tier who report slower escalation paths than Ramp Plus subscribers
- Advanced reporting customization is limited on the free plan; a subset of reviewers say that building custom spend reports or exporting structured data for FP&A purposes requires Ramp Plus or workarounds

## Compliance

- **SOC 2:** Yes (SOC 2 Type II)
- **GDPR:** Yes
- **HIPAA:** Not applicable (spend management platform)
- **SSO:** Yes (SAML SSO on Ramp Plus)

## Integrations

- QuickBooks Online
- QuickBooks Desktop
- Xero
- NetSuite
- Sage Intacct
- Slack
- Microsoft Teams
- Rippling
- Workday
- Zapier

## FAQs

### Is Ramp actually free?

Yes, the core product covering corporate cards, expense management, bill pay, and accounting sync is free with no per-user fee. Ramp earns revenue from interchange on card transactions. Ramp Plus at $15 per user per month adds advanced controls and priority support. Most teams under 200 people never need Plus. There is no catch on the free tier beyond the US entity requirement.

### Is Ramp only for US companies?

Yes, Ramp requires a US-incorporated entity and a US business bank account. Individual employees can be based internationally and use Ramp cards for expenses, but the company account itself must be a US entity. This is the most common dealbreaker for international companies or US subsidiaries of foreign parents. For non-US companies, alternatives like Brex (more international coverage) or Pleo (Europe-focused) are the usual alternatives.

### How does Ramp compare to Brex?

Ramp and Brex are the two dominant modern corporate card platforms and both score highly on G2. Ramp is more focused on cost savings, accounting automation, and finance team productivity. Brex has broader international card coverage and a more travel-centric expense product. Ramp's free pricing is a significant advantage for budget-conscious companies. The right choice often comes down to whether your team is international (Brex has an edge) or primarily US-based with heavy accounting integration needs (Ramp has an edge).

### Does Ramp integrate with QuickBooks and NetSuite?

Yes. Ramp has deep integrations with QuickBooks Online, QuickBooks Desktop, NetSuite, Xero, and Sage Intacct, among others. The NetSuite integration is bidirectional with AI-assisted GL coding, which is a specific strength that mid-market finance teams with complex chart-of-accounts structures cite frequently. Accounting sync is available on the free tier, not just Ramp Plus.

### What is Ramp best for?

Ramp is the best choice for US-incorporated companies with 10 to 1,000 employees that want to consolidate corporate cards, expense management, and bill pay in one system and reduce month-end accounting work. It is particularly strong for companies with a dedicated controller or finance team who can set up the accounting automation properly. Companies with substantial international operations, non-US entities, or heavy travel management needs may find Navan or Brex a better fit.


## Sources

- [G2: Ramp reviews](https://www.g2.com/products/ramp/reviews): rating 4.8/5, 1,600+ reviews
- [Capterra: Ramp](https://www.capterra.com/p/216426/Ramp/): rating 4.9/5, 200+ reviews, highest in category
- [Crunchbase: Ramp Business](https://www.crunchbase.com/organization/ramp-business): Series D-2 $300M August 2023 at $5.8B valuation, total funding ~$1.37B
- [LinkedIn: Ramp company page](https://www.linkedin.com/company/ramp-business/): ~1,000 employees, New York HQ, founded 2019
- [Ramp: Ramp Plus launch announcement](https://ramp.com/blog/ramp-plus): Ramp Plus pricing at $15/user/mo, features and positioning
- [Ramp: platform overview](https://ramp.com/platform): product suite covering cards, expense, bill pay, procurement, and accounting integrations
- [TrustRadius: Ramp](https://www.trustradius.com/products/ramp/reviews): score 9.0/10, 100+ reviews
- [Ramp: Series D-2 announcement](https://ramp.com/blog/series-d2): $300M Series D-2, Khosla Ventures lead, $5.8B valuation, August 2023