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The Late Stage 50 · 2026 edition · #13 of 50

Ramp

Ramp is a spend management platform combining corporate cards, travel, expenses and accounts payable to automate finance operations.

US$2.0bn+Run-rate · Oct 2026
—growth not disclosed
#13rank by disclosed revenue

The figure

Revenue
more than $2 billion in annualized revenue
Run-rate · Oct 20261PR Newswire · 15 Oct 2026
In US dollars
US$2.0bn+
as stated
Standing
stated
Company stated — via PR Newswire
Published
15 Oct 2026
accessed 17 Oct 2026
Evidence
“Ramp now generates more than $2 billion in annualized revenue” — as read on the source page1PR Newswire · 15 Oct 2026
Prior year
over $1 billion in annualized revenue
Run-rate · Nov 20252PR Newswire · 17 Nov 2025
Growth
—
no comparable year-on-year figure: rates over periods shorter than a year, or built on floors or approximations, are not shown

Context

Founded
2019
Headquarters
New York, United States
Sector
Fintech
Spend management fintech
IA40 2026
Late · #3
first appearance, 20264IA40 · 19 Oct 2026
Website
ramp.com
Valuation
US$60bn
$1.85bn primary round led by Dragoneer · Oct 2026 · as reported, not part of the ranking1PR Newswire
Status
Private as of 17 October 2026
About page and blog opened; no IPO or acquisition of Ramp seen.5status check · 17 Oct 2026

Market context

Forge Price
$160.00 per share
Forge Private Market Index constituent · weight 2.83%6Forge Global · 17 Oct 2026
Forge valuation
$60B
implied from the Forge Price6Forge Global · 17 Oct 2026
Last round · Forge
Series F-1 (10/09/2026): $160.00 per share, $60B post-money valuation, $1.85B raised
Clarity Price
$158.48 per share
6M return +40.77%7Clarity (formerly Hiive)
Last round · Clarity
Series F (June 2026): $44B post-money, $120.00 per share, $750M raised

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

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References

Every figure on this page, by source.

  1. 1PR Newswire · 15 Oct 2026www.prnewswire.com/news-releases/ramp-reaches-60-billion-valuation-as-annualized-revenue-t…
  2. 2PR Newswire · 17 Nov 2025www.prnewswire.com/news-releases/ramp-reaches-32-billion-valuation-doubling-revenue-and-cu…
  3. 3ramp.comramp.com
  4. 4IA40 · 19 Oct 2026www.ia40.com/the-list/
  5. 5status check · 17 Oct 2026ramp.com/about-us
  6. 6Forge Global · 17 Oct 2026forgeglobal.com/ramp_stock/
  7. 7Clarity (formerly Hiive)www.clarity.com/browse-companies/ramp-stock

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.