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Ramp looks to raise more capital as the corporate-spend market mints unicorns



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Earlier this year Divvy, a Utah-based software company that provides corporate spend management software, raised a $165 million round at a $1.6 billion valuation. It followed its competitor Brex to unicorn-status as the market for financial services software and corporate payment solutions stayed red-hot in 2021 after a blockbuster 2020.
Now Ramp, a competitor to both Divvy and Brex, is looking to raise new capital from Stripe and D1 Capital Partners at a valuation that could top $1 billion. The Information first reported the news, which TechCrunch confirmed with a source familiar with the transactions.
Ramp also competes with startups like Airbase and Teampay, each …

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