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Stock impact report

29. Ramp [CNBC]

BILL Holdings, Inc. (BILL) 
Last bill holdings, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: CNBC
Valuation: $8.1 billion Key technologies: Artificial intelligence, machine learning Industry: Fintech Previous appearances on Disruptor 50 List: Thanks to a new wave of fintech startups, corporate credit cards do a lot more than transactions these days. One of the fastest growing is Ramp, which uses AI-assisted software to automate expense reporting. Founded in 2019, Ramp has grown quickly , reaching $100 million in annualized revenue in early 2022. Ramp works with businesses both large and small, helping clients track spending and save money through contract negotiations or duplicated spent alerts. Ramp says it helps the average company cut their expenses by 3.4% a year and shorten the time spent on monthly bookkeeping by about a week. Its valuation has climbed steadily. In August 2021, when its value more than doubled to $3.6 billion from just five months earlier, CEO Ramp Eric Glyman told CNBC , “The speed that this has happened is, I think, fairly unprecedented. Most busi Show less Read more
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