Corporate Card Startup Ramp Turning Travel Manager After $750 Million Funding

With business trips returning, corporate card and expense platform Ramp is doubling down on its shift towards helping companies manage their travel, not just receipts.

The U.S. startup announced on Monday it had raised $750 million, some of which will be used to help it expand further into travel management following new partnerships with Spanish corporate travel agency TravelPerk and Flight Centre’s Corporate Traveler, as well as Lyft and WeWork.

These tie-ups form part of its new platform, Ramp for Travel, launched last month. The idea is that with these agencies, Ramp automatically collects receipts from any bookings, removing the need to submit expenses. It's a change in direction following August's $300 million fundraise where it addressed the challenges of managing remote workers.

"Business travel is inherently complex, an exceptional expense platform can massively improve it," said a Ramp spokeperson. "We've built a solution to help compan