Ramp, a fast-growing fintech startup backed by Goldman Sachs (GS), is reportedly in talks to raise around $750 million in fresh funding, at a pre-money valuation of more than $40 billion. If completed, the funding would mark one of the sharpest valuation jumps in recent fintech history. For now, the deal has not yet been finalized, and terms remain subject to change.
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New Funding Round Could Almost See Ramp’s Valuation Rise by 25%
Ramp’s latest funding round, if finalized, would value the private company at around $40 billion. It would also mark about a 25% increase from the $32 billion the company was worth just six months ago.
According to sources familiar with the matter, the funding round is expected to be co-led by its existing backers, ICONIQ Capital, an American investment firm, and GIC Private Limited, Singapore’s sovereign wealth fund.
Interestingly, Ramp’s upcoming $750 million round follows an aggressive funding streak in 2025. In June, the firm raised $200 million at a $16 billion valuation. A month later, it secured another $500 million Series E-2 round, lifting its valuation to $22.5 billion. By November, the company closed a round led by Lightspeed Venture Partners at a $32 billion post-money valuation, which also included an employee tender offer.
Altogether, Ramp had raised more than $2.3 billion in equity funding by the end of 2025. The company’s major investors included Founders Fund, Thrive Capital, Coatue, Sequoia Capital, GIC, and Goldman Sachs. Moreover, if the new round closes, Ramp would further strengthen its position among leading private fintech firms like Stripe.
The company declined to comment on the funding discussions.
AI Technology Is Ramp’s Biggest Selling Point
Founded in 2019 by Eric Glyman and Karim Atiyeh, Ramp started as a corporate card and expense management platform. It later moved into bigger financial operations, such as procurement, bill payments, and AI-powered automation.
Currently, AI has become central to Ramp’s growth narrative and investor appeal. The firm claims its AI systems achieve more than 99% accuracy on expense compliance tasks. They also internally target 80% AI-generated code usage, with most employees already using AI tools daily.
Ramp’s financial performance has also strengthened investor confidence. In November, Glyman, who is also CEO, confirmed the company had surpassed $1 billion in annualized revenue, doubling its run rate within a year. Reports suggest Ramp is now targeting about $1.4 billion in annual recurring revenue as it nears a potential IPO.
Is Goldman Sachs a Good Stock to Buy Now?
Based on 14 Wall Street analysts tracked on TipRanks, Goldman Sachs (GS) is a Moderate Buy. 7 of these analysts recommend a Buy, 6 recommend Holding, and 1 advises Selling. The stock has also been projected to reach an average price target of $977.07, implying a 4.31% upside. To get more analysts’ forecasts and performance metrics on this stock, visit the TipRanks Stocks Comparison Center.
