Ramp’s $32 billion valuation, or the dawn of autonomous finance 🤖💸; Revolut doubles down on travel ecosystem 🧳💳

FinTech is Eating the World, 18 November

Hey Everyone,

Good morning & happy Tuesday! Today we’re diving into Ramp’s latest fundraise at $32 billion valuation, or why it marks the dawn of autonomous finance (latest numbers, why they matter, and what’s the big picture here + bonus dives into Ramp’s biggest competitor Brex and more resources on Agentic Finance inside), and Revolut which is now doubling down on travel ecosystem (what Revolut Fast Track & partnership with Booking.com is all about, why it could be huge and why Revolut’s strategy is just brilliant here + bonus reads on OpenAI’s master plan to become the ultimate Super App of the West & more reads on Revolut inside). So let’s just jump straight into the awesome stuff 🌶️

Ramp’s $32 billion valuation, or the dawn of autonomous finance 🤖💸

The news 🗞️ FinTech giant Ramp has just secured $300 million in new funding at a whopping $32 billion valuation, representing an insane 42% increase from its $22.5 billion valuation just 4 months ago. Let that sink in 🤯

Led by Lightspeed Venture Partners with participation from Founders Fund, Iconiq Capital, Khosla Ventures, and new investors including Bessemer Venture Partners and Robinhood Ventures, this financing perfectly illustrates growing investor conviction in AI-powered financial automation.

Let’s take a closer look at this, understand why it matters & why it can be huge, and what’s next for Ramp, and the broader FinTech & Finance space.