Ramp, the expense management fintech that provides an easy-to-use online dashboard for businesses to track and manage all card expenses made by employees, has secured $300 million in funding from Thrive Capital and Sands Capital, resulting in a post-money valuation of $5.8 billion. The downround represents a 28% reduction from its previous valuation of $8.1 billion in March 2022.

Fintech Startup Ramp Raises $300M at a 28% Lower Valuation of $5.8B