“Can an AI-first spend platform displace the entire finance back-office stack — and then become the financial OS that other vertical platforms embed?”
Founded 2019 as a corporate-card challenger to Brex, pitched as the first card that helps companies spend less. Built on Stripe Issuing from day one rather than going BaaS-direct. Expanded methodically from cards into bill pay, procurement, travel, and AP — becoming a horizontal spend-management OS. In 2025 pushed deeper into banking-adjacent territory with Ramp Treasury (yield) and Ramp Operating Account (JPMorgan-backed business banking), plus an embedded payments API turning Ramp itself into infrastructure for marketplaces and travel platforms. The AI-agent layer ('Ramp Intelligence') is the current product narrative.
Ramp discloses Stripe Issuing, First Internet Bank of Indiana and JPMorgan Chase as its banking providers, with Celtic Bank, Sutton Bank, Lead Bank and Column N.A. as its sponsor banks, according to the Embedded Finance Index 2026.
Ramp does not disclose a bank charter of its own; its banking services are provided through Celtic Bank, Sutton Bank, Lead Bank and Column N.A..
Ramp processes payments through Stripe Connect and Ramp Bill Pay (self-operated).
Ramp's cards are issued through Stripe Issuing.
Ramp runs its ledger on unknown.
Ramp connects to bank accounts through Plaid.
Ramp integrates with QuickBooks Online, Xero, NetSuite, Sage Intacct, Workday and Oracle.
The Embedded Finance Index 2026 maps 9 layers in Ramp's stack: Payments / PSP (Stripe Connect and Ramp Bill Pay (self-operated)); Banking / BaaS (Stripe Issuing, First Internet Bank of Indiana and JPMorgan Chase); Card issuing (Stripe Issuing); Ledger (unknown); Lending (Ramp Corporate Card (charge card / corporate liability)); Open banking (Plaid); Sponsor bank (JPMorgan Chase, First Internet Bank of Indiana, Celtic Bank, Sutton Bank and 2 others); Accounting (QuickBooks Online, Xero, NetSuite, Sage Intacct and 2 others); Spend / AP (Ramp (self-operated)).
Ramp was founded by Eric Glyman, Karim Atiyeh and Gene Lee and is founded in 2019, headquartered in New York City, United States.
Ramp has raised unknown in total (latest round: Secondary, 2025; valuation: $32B (November 2025)).
Ramp's acquisitions include Billhop (2026).
Get a read on where your own stack stands against Ramp and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.