Ramp passes $2bn in revenue as its Europe chief confirms the $60bn round

What happened

“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October.

Fintech and ecommerce Ramp passes $2bn in revenue as its Europe chief confirms the $60bn round At its new valuation, Ramp says it is cash-flow positive and saves 85,000 businesses over $1bn a month. Its UK arm, live since September, adds more than 100 customers a month.

October 16, 2026 - 4:10 pm “Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn . His post confirms the round that Bloomberg reported on 10 October .

Ramp’s co-founders, Eric Glyman and Karim Atiyeh, marked the new valuation with a blog post on 15 October, titled “Ramp at $60B: The End of the Beginning”. According to Ramp, 85,000 businesses use it, and it saves them more than $1bn a month.

It passed $2bn in annualised revenue over the summer, with positive cash flow. In September alone, Ramp says, it saved customers 1.5 million hours. The founders compare that to giving 9,000 people a working month back.