INSUBCONTINENT EXCLUSIVE:
Meet Ramp, a new startup that offers corporate credit cards with 1.5% cash back on everything
The company thinks that a cash-back program combined with an analysis of your payments to help you spend less is more valuable than
alternative corporate card offerings.Ramp is launching publicly today and has raised $25 million in funding from Keith Rabois, Coatue,
All your employees can have a white Visa card for $0 per month
There are no foreign transaction fees and no interest either
of the main selling points of Ramp is that it offers you control and visibility
You can set different limits for each employee, create as many cards as you want and set up spending rules
The service also helps you centralize receipts and attach them to each expense
There are some integrations with accounting software.Like Brex, Ramp is going to work particularly well with high-growth startups
everything.Existing customers include some well-known startup names, such as Ro, Candid, Better, Eight Sleep and Truebill.Ramp goes one step
further by analyzing how you spend money
free credits for dozens of third-party services, such as Amazon Web Services, Amplitude, Plaid, Datadog, DocSend, Notion, Twilio, Sendgrid,
Overall, it represents $175,000 in free credits.Ramp was founded by Eric Glyman and Karim Atiyeh
There are probably many startups that are looking for a simple corporate card solution with a cash-back program
And the fact that Ramp wants to help you spend less shows that the startup cares more about providing a good user experience over generating
