Let the robots chase receipts

Today, Ramp reached a new valuation: $16 billion.

My favorite companies’ missions are simple:

• Increase the GDP of the internet (Stripe)
• Make humanity a multiplanetary species (SpaceX)
• Be Earth’s most customer-obsessed company (Amazon)

Ours can fit on a Post-it too:

• Save your company time and money (without you noticing)

We’re building the financial operations platform for your business. Corporate cards, spend management, bill pay, procurement, travel, treasury, accounting automations. Yes, it all might sound quite boring! And that’s precisely why we’re building it.

Let the robots chase receipts and close your books, so you can use your brain and build things.

That’s the way AI was meant to be. Not the other way around.

You don’t lose the day. You give it away, five minutes at a time.

Five minutes searching for the hotel. Five minutes booking it. Five minutes chasing a receipt. Five minutes uploading it. Five minutes for your manager to approve it. Five minutes for finance to check if it’s policy compliant. Five minutes reconciling the books.

One hotel booking. Three employees. Five interruptions. Suddenly it’s lunch. What have you done today?

Ramp is your net for catching hours and dollars. It’s ‘quiet efficiency.’

It's why we called our company Ramp. A ramp is quite literally a simple machine; like the lever or pulley, it helps you do more work with less force. The less you have to think about it, the better we're doing our job.

For example, just last month we launched Price Drop. Book a hotel and our AI will automatically rebook it if the price drops. Time and money saved. Best of all, you barely notice.

Today is Day 2,283

Let me tell you about what we built for you in the last three-hundred and sixty-five.

1. We didn’t set out to create a better expense report, we set out to eliminate it. We doubled the percent of employee expense reports fully completed and coded without humans needing to lift a finger.
2. We want every minute you do choose to spend on Ramp to go further. We decreased the time spent per administrative task – reviewing expenses, approving trips, paying bills, moving deposits to grow yield, etc. – by more than 50%.
3. We believe every support ticket is a signal that our product should be more intuitive. We launched 300+ features and made it easier to contact Ramp; still, customers contacted us 34% less often.

Put together, our customers are getting three times more work done per minute spent on Ramp than they did just two years ago. Everything is faster and more intuitive.

From startups to family owned companies to leading enterprises, 40,000 businesses across every sector are choosing Ramp to reclaim their time and money.

Here are a few:

1. Construction One reduced its AP team’s time spent on monthly close by 75%, saving them 360 hours in the last year.
2. Poshmark hit its free cash flow goals 5 months ahead of schedule by redirecting their team's energy toward strategic projects, not administrative burden.
3. An industrial company (we can’t name) processed $47 million through Ramp cards, using our built-in controls to prevent 9% of spend that was out-of-policy and saving $4 million.

What connects all these companies is their obsession with efficiency. We’re proud to play a small role in helping them move faster, operate smarter, and stretch every dollar further.

There’s never been a better time to be a Ramp customer. And here’s our commitment to you: this is the worst our product will ever be.

It’s time to talk about AI

Every finance professional is being asked how they use AI. And yet, most businesses don't have a single software engineer – let alone one dedicated to finance.

We believe every business, no matter the size, should benefit from world-class engineering and recent breakthroughs in reasoning. It's why we spend over 50% of our payroll on research and development. It's also why we have more IOI and IMO medalists (world champion programmers and mathematicians) on our team than most countries – 13 if you're wondering. Here’s one:

In 2025 alone, we’ve shipped 270 features. All were quietly built with the help of AI. It works, you don't notice it. And that’s the way we like it. Here are my favorite three:

• Card & Expense: Our AI auto-fills memos and categories as soon as a swipe clears, flags anything that looks out of policy, and automatically suggests memos for any transactions that still need human context.
• Procurement: Price and Seat Intelligence benchmarks every SaaS quote against anonymized market data; if you’re paying above the 80th percentile or holding unused seats, Ramp surfaces the delta and recommends a target price.
• Treasury: Our cash forecasting predicts your liquidity needs and sweeps idle funds into higher-yield instruments. When upcoming payroll or vendor runs tighten the buffer, we automatically pull the cash back, so you earn more without risking an overdraft.

Ramp isn’t ‘with the help of AI’, it’s ‘done for you and we don’t mention it’ AI. Michael, Cursor’s CEO, and Rama, Notion’s CFO, summed it up better than I can…

We still serve just 1.5% of the US market

That’s our motivation.

Right now, we’re saving thousands of companies billions of dollars and hours a year. We should be saving millions of companies trillions of dollars and hours a year.

I can assure you I’m not just writing this because it sounds good.

There's a lot more to do and a lot more to build. We're grateful for the opportunity to earn your business every day – and we'll keep delivering more time and money back to you with each one.

Job’s not finished.

– Eric