Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included pa…
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Founded in 2022 by TK Kong, Young Kim, and Kevin Chan, Venue’s aim was to “simplify how businesses review, approve, and manage the cost of vendo…
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! This week, we dig into spend management companies&…
Ramp and Brex have been vocal about how they believe AI will transform the way they operate and serve their customers. © 2023 TechCrunch. All rights reserved. For personal use only.
Sparx is very much in its early stages, however, in the past six months, the company has already reached profitability.
Earlier this year, a big French tech company started requiring an email to the CEO for every purchase above €1,000. That’s because they didn’t have the right tool to manage procurement. Meet Pivot, a new French startup that wants to overhaul spend mana…
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was raising “several hundred million dollars” at a $5.5 billion valuation. Ramp last raised in March…
It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal and more. Oh, and if you want to receive this in your inbox in the future, sign up here. Lula tightens its belt and raises…
Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community. While Brex soon clarified that by smaller customers it meant small to medium-sized businesses and non-funded startups, the move still felt like…
Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch exclusively. Founded in 2020, New York-based Cohere.io (not to be confused with Cohere, another AI startup that recently raised capital) raised $3.1 million in a…
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