Corporate finance startup Ramp is reportedly in discussions to secure another major investment round that could push its valuation beyond $40 billion, only months after it reached a $32 billion valuation.

According to reports, the company is seeking about $750 million in fresh funding, although negotiations are still ongoing and terms may change before any agreement is finalized.

The development comes after Ramp’s rapid fundraising streak throughout 2025, during which investors showed increasing confidence in the company’s aggressive expansion strategy.

In November last year, Ramp announced a $300 million funding round led by Lightspeed, which valued the company at $32 billion and also included an employee tender offer.

Earlier in the year, the financial technology company secured a $500 million Series E-2 round led by Iconiq at a valuation of $22.5 billion. That funding came only weeks after a separate $200 million Series E round led by Founders Fund, which valued the company at $16 billion.

The repeated valuation jumps reflected growing investor appetite for fintech firms leveraging artificial intelligence. Ramp has also posted strong revenue growth. Founder and Chief Executive Officer Eric Glyman disclosed in November that the company had crossed the $1 billion revenue mark, doubling its earnings within a year.

The firm has increasingly integrated artificial intelligence into its expense management systems to automate fraud detection, policy enforcement, and fund allocation. Industry analysts believe the combination of rapid revenue expansion and AI-powered financial tools has made Ramp one of the most attractive startups in the venture capital market.

The company, however, declined to officially comment on the latest fundraising discussions.

Source: TechCrunch