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Ramp raised $1.85 billion in a round co-led by Dragoneer, Thrive Capital, Founders Fund.
Why it matters: Ramp's four-month jump from a $44B to a $60B valuation shows how fast AI-adjacent fintech revenue is compounding, and where its token-spend ambitions may collide with model providers.
Ramp, a fintech platform offering corporate cards and spend management software.
Why it matters: Ramp's $1.85B round, led by Dragoneer and Thrive, shows how much capital is still flowing to corporate spend management at scale.
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