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fintech / news / / Yahoo Singapore News

Ramp offers corporate cards, payment services and expense management applications.

Ramp raised $500 million at a $22.5 billion valuation in its latest funding round.

KEY POINTS
(Reuters) -Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
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