More positive signs for fintech as spend management unicorn Ramp बंद another large funding round.
The $150 million was officially called a Series D extension, but it comes at a $7.65 billion valuation, a significant improvement over the $300 million raised for the initial Series D, which was at $5.8 billion. They are still below the $8.1 billion valuation from 2022 but are getting closer.
Ramp has continued to grow during the fintech downturn, tripling its revenue run rate from March 2022 to summer 2023. The company now has 730 employees, up from 495 a year ago.
The money will be used to “triple down” on innovation, including using AI capabilities “to automate cumbersome processes, provide deeper insights into spending, enhance decision-making capabilities, and more.”
This is yet another positive sign of the turnaround in fintech funding. Good companies are getting funded at higher valuations than late 2022 or 2023.
विशेष रुप से प्रदर्शित
> Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuation
By Mary Ann Azevedo
Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC.
फिनटेक नेक्सस से
> साल्ट लैब्स ने सलाहकार के रूप में 401(k) निर्माता टेड बेन्ना को शामिल किया है
टोनी ज़ेरुचा द्वारा
साल्ट लैब्स, जो कम आय वाले श्रमिकों की मदद करती है लेकिन उनकी कमाई से कटौती नहीं करती है, ने 401(k) के जनक टेड बेन्ना को सलाहकार के रूप में भर्ती किया है।
> समृद्ध ब्राज़ीलियाई लोगों के लिए वैश्विक खाता लाने के लिए नुबैंक ने वाइज़ के साथ साझेदारी की
डेविड फेलिबा द्वारा
Brazilian neobank Nubank partnered with Wise to launch a global account. The online lender is targeting the highly affluent in Latin America.
पॉडकास्ट
धोखाधड़ी से लड़ने पर एलॉय के सीईओ और सह-संस्थापक टॉमी निकोलस
बैंकों और फिनटेक के लिए धोखाधड़ी से लड़ना आज पहले से कहीं अधिक चुनौतीपूर्ण है। लेकिन इसमें आशावाद का कारण है...
संपादकीय कार्टून
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- स्रोत: https://www.fintechnexus.com/fintech-nexus-newsletter-april-18-2024-ramp-closes-150m-funding-round/