New York-based startup Ramp has raised $300 million in funding as it looks to bring a new way of managing expenses to the newly remote masses, joining a handful of other heavily-invested fintech newcomers targeting hybrid companies.
The corporate card and expense firm, which was founded in 2019, wants to exploit the transformation of small and medium-sized companies. Customers have apparently embraced Ramp to support teams that are working remotely but need to travel to the office on a regular basis, according to CEO and co-founder Eric Glyman.
But Ramp also has its eyes on how purchases like software are made. It’s hard to say how much business travel will be required in the future, despite emerging trends such as Airbnb properties being used as offices. But one area that will likely continue to grow as an expense — even outpacing travel — is buying software. And in the remote work era, more companies are giving employees greater autonomy to buy the tools they need to do…
