Corporate card and expense startup Ramp is in discussions to raise $200 million at a $16 billion valuation, up from $13 billion in March and more than double its valuation a year ago. The company has reached $700 million in annualized revenue and is seeing renewed investor interest alongside a broader fintech resurgence. Existing backers Founders Fund, Sands Capital, and Khosla Ventures are expected to participate in the round, which would bring Ramp’s total funding to around $2 billion. The move could pressure rival Brex, last valued at $12.3 billion, to consider a new raise.
