It’s estimated that startups and small businesses waste in excess of $130B each year as a result of poor visibility into spend management. By leveraging automation, companies can not only recapture a portion of this spend but also reduce the time employees spend on low-value tasks. Ramp is a corporate card and all-in-one spend management platform that’s designed to save companies time and money. All spend activity is seamlessly integrated into the company’s expense management platform that handles bill payment, card issuance and controls, accounting, and reporting, saving finance teams countless hours allowing them to focus on value maximization rather than tedious data entry. The platform is free with Ramp making its margin on the interchange fees. Revenue grew 10x in 2021 and the platform has 5000+ businesses trusting Ramp for spend management, corporate credit, expense management, and the company has recently expanded into travel spending. AlleyWatch caught up with Ramp CEO, serial entrepreneur, and Cofounder Eric Glyman to learn more about how the founding team’s experience post-exit with Paribus inspired the business, the company's strategic plans, traction, latest round of funding, which comes at an $8.1B valuation (up from $3.9B in ’21), and much, much more...
In recent years, blockchain technology has become a buzzword in the edtech sector. The system of recording information secures digital data in a way ...
The banking industry is currently in the midst of a transformative migration heavily weighted towards digitization. To make this enormous shift possible, financial institutions are increasingly turning to hyperautomation. According to a KPMG report, 59% of executives say that the pandemic has accelerated their organizations’ interest in driving digital transformation. Many people have traditional views […]
Globally, the regulatory push for open banking has increased the availability of open banking APIs, which in turn enables fintech to build new products and services. To date, however, there are still a limited number of business models and innovative products developed in each country. Greater access to a wide range of product APIs and […]
Poor data quality costs organizations an average of over $15 million in losses each year. In mortgage lending, using bad data can result in inappropriate underwriting leading to the loss of good customers, ineffective risk pricing, or the taking on of less desirable accounts. In any of these circumstances, revenue can easily suffer. Even when […]
In today’s competitive business environment, companies face the challenge of accomplishing more with less. If they want to thrive and survive in the market,...
