A Ramp business credit card.
Courtesy of Ramp

Notching an $8.1 billion valuation just three years after being founded is striking, even for a tech startup. While many fin­tech companies struggled last year, Ramp’s meteoric rise accelerated. The business-expense-software firm saw revenues quadruple as its customers looked to stay lean through inflation. Ramp’s Visa cards are tied to employer-­set policies, so employees instantly know if charges are approved; reports and receipts aren’t always needed. Employers get alerts about duplicate expenses and items they may be overpaying for. “We’re trying to create things that people have wanted for a long time, but banks never built,” says CEO and co-founder Eric Glyman.

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