Source: Bloomberg News
Summary
Bloomberg reported that Ramp, a financial platform, has raised $150 million in new funding. The company’s annualized revenue has surpassed $2 billion, and it now serves 85,000 customers. The funding aims to expand its platform and support growth. Ramp has been growing rapidly since its launch in 2019.
Our Reading
The launch follows a familiar script.
Ramp gets more money to grow more.
Revenue hits $2B, customers hit 85K — same old numbers, new spin.
They’re expanding the platform, which probably means more features no one asked for.
Another round of funding for a company that’s already doing fine — but not fine enough.
Author: Evan Null
