Every month, billions of dollars get processed on Ramp cards for business expenses. And every month, we share the new vendors that customers are purchasing for the first time, to give you a glimpse into emerging market trends, companies on the rise, and much more.
AI companies continued to dominate our vendors list. Here’s a breakdown of the top vendors for February 2025:
By new customer count | By new card spend |
|---|---|
1. OpenAI | 1. Elastic |
And the fastest growing vendors:
Biggest percentage change in new customer count | Biggest percentage change in new spend |
|---|---|
1. Sonarsource | 1. Elastic |
OpenAI topped the list, following the launch of GPT 4.5, as companies increasingly adopt enterprise subscriptions and API access to the latest models. OpenAI remains, by far, the leading AI company by business adoption, but I think the most interesting companies on the list are usually the ones most businesses haven’t heard of.
After all, the point of this list is not to highlight the most popular vendors – it’s to highlight the new and trending vendors that businesses are adopting, and that you may want to consider.
Some of the standouts:
- Elastic is a search AI company that builds software for businesses to build their own AI-driven search platforms, like personalized ecommerce searches for consumers or AI searches in customer help centers. Their stock recently surged following an earnings beat.
- xAI, the artificial intelligence arm of the social media company, launched Grok 3 in February, driving a surge in business signups. I’ve been playing with Grok 3 and found that it did pretty well in real-world performance, given how early xAI’s efforts are here.
- Anthropic launched Claude 3.7 Sonnet in February. Anthropic touted the model’s benchmark performance, calling it their “most intelligent model to date.” This is my go-to model and my preference in real-world use, though Anthropic remains significantly behind OpenAI in business adoption rates. Ramp data shows that, as of February 2025, only 4.7% of U.S. businesses have adopted Anthropic’s models, compared to 19.1% for OpenAI.
- Finally, Cursor, the popular AI code editor appeared on our list. With multiple major AI model releases in February, as an end-user, it’s genuinely difficult to keep track, find, acquire, pay for, and then use and switch between each new model for testing (I don’t want to have an OpenAI window and a Cursor window open simultaneously). Cursor integrates all the models into one code editor, and had Claude 3.7 available on day 1 of its release. It was actually how I found out a new model came out.
Keep an eye out for our March top vendors (published in early April).
“Our previous bill pay process probably took a good 10 hours per AP batch. Now it just takes a couple of minutes between getting an invoice entered, approved, and processed.”
Jason Hershey
VP of Finance and Accounting, Hospital Association of Oregon
“When looking for a procure-to-pay solution we wanted to make everyone’s life easier. We wanted a one-click type of solution, and that’s what we’ve achieved with Ramp.”
Mandy Mobley
Finance Invoice & Expense Coordinator, Crossings Community Church
“We no longer have to comb through expense records for the whole month — having everything in one spot has been really convenient. Ramp's made things more streamlined and easy for us to stay on top of. It's been a night and day difference.”
Fahem Islam
Accounting Associate, Snapdocs
“It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”
Mike Rizzo
Accounting Manager, MakeStickers
“The practice managers love Ramp, it allows them to keep some agency for paying practice expenses. They like that they can instantaneously attach receipts at the time of transaction, and that they can text back-and-forth with the automated system. We've gotten a lot of good feedback from users.”
Greg Finn
Director of FP&A, Align ENTA
“The reason I've been such a super fan of Ramp is the product velocity. Not only is it incredibly beneficial to the user, it’s also something that gives me confidence in your ability to continue to pull away from other products.”
Tyler Bliha
CEO, Abode
“Switching to Ramp for Bill Pay saved us not only time but also a significant amount of money. Our previous AP automation tool cost us around $40,000 per year, and it wasn’t even working properly. Ramp is far more functional, and we’re getting the benefits at a fraction of the cost.”
Frank Byers
Controller, The Second City
