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Ramp: Receives $150M in Debt Financing from Goldman Sachs

February 15, 2021

Ramp, a NYC-based corporate card company, raised $150m in debt financing from Goldman Sachs Bank USA
The company intends to use the funds to accelerate growth nationwide
The news follows the appointment of Srinath Srinivasan as Head of Risk at Ramp last month
Ramp provides a corporate card focused on helping businesses spend less money and automate their finances
Today the company works with a wide array of industries spanning healthcare, construction, nonprofit, retail, agriculture, and legal services
Last month, the company launched an advanced expense management platform that allows companies to automate policies and approvals with machine learning