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Why trust Ramp?
Ramp is a spend management platform used by over 25,000 businesses for easy-to-use cards, spend limits, approval flows, vendor payments, and more. Ramp has merchant data on over 1 million unique acceptors, over 8x more than other credit card charge databases. Merchant charges aren’t always recognizable on card statements, and Ramp’s exhaustive dataset is the most reliable way to better understand where and why charges are appearing on your statements.
Venmo is a mobile payment service that allows users to make transactions with friends and family. It was created in 2009 and is now owned by PayPal. With Venmo, users can easily send and receive money without the need for cash or checks. The app has become popular among younger generations as a way to split bills and pay for various expenses.
- Instant money transfers between friends and family members
- Payment requests that allow users to easily split the cost of bills
- Personalized Venmo debit card for in-store purchases
- Ability to buy and sell cryptocurrencies through the app
- Venmo rewards program for earning cash back on purchases
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects.”
Audrey Carroll
Senior Manager, Accounting, Ramp
Tired of manually categorizing confusing charges? See how Ramp can automate this for you in the demo below
Step into the future with Ramp
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