Expense Startup Raises $300 Million to Target Remote Workers Doing Less Travel
Photo Credit: Ramp is reportedly being used to support teams who are working remotely but need to travel to the office on a regular basis. Unsplash / Paul Hanaoka
Skift Take
Ramp is yet another fintech newcomer that plans on disrupting corporate travel and expenses. Is its automated twist enough to help it stand out in a saturated market?
New York-based startup Ramp has raised $300 million in funding as it looks to bring a new way of managing expenses to the newly remote masses, joining a handful of other heavily-invested fintech newcomers targeting hybrid companies.
The corporate card and expense firm, which was founded in 2019, wants to exploit the transformation of small and medium-sized companies. Customers have apparently embraced Ramp to support teams that are working remotely but need to travel to the office on a regular basis, according to CEO and co-founder Eric Glyman.
But Ramp also has its eyes on how purchases like software are made. It's hard to say how much business travel will be required in the f
