<ul data-eligibleForWebStory="true"><li>FinTech startup Ramp has been valued at $16 billion in a recent funding round, up from $13 billion in a secondary share sale three months earlier.</li><li>The funding round raised $200 million, according to Bloomberg.</li><li>Ramp reported a rise in annualized payment volume to $55 billion and an increase in the number of U.S. businesses served to 30,000.</li><li>The company's CEO, Eric Glyman, highlighted a focus on eliminating financial waste and busywork through AI technology.</li><li>Ramp was valued at $7.6 billion in April 2024, signifying substantial growth.</li><li>The company transitioned from a corporate card provider to a comprehensive financial operations platform for businesses.</li><li>Ramp expanded its partnership with Stripe to introduce stablecoin-backed corporate cards for cross-border transactions.</li><li>A treasury solution was added to Ramp's platform in January, promising businesses increased yields on cash and improved working capital management.</li></ul>

Report: Ramp Valued at $16 Billion in Funding Round

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