Latest news with #expensemanagement
Zawya
6 days ago
- Business
- Zawya
Dubai fintech Alaan raises $48mln for GCC expansion
Dubai-headquartered fintech Alaan has secured $48 million to support its expansion plans in the Gulf Cooperation Council (GCC) region. The Series A funding round drew investments from Peak XV Partners, formerly Sequoia Capital India & SEA, and other international and regional investors. Alaan enables businesses to manage their finances. Its services include issuing corporate cards, automating expense management and streamlining payment workflows and reconciliation. It intends to use the fresh capital to grow its business in the region, with a specific focus on Saudi Arabia. It also looks to strengthen its UAE base, scale its teams and speed up the development of its AI-powered finance operations suite, with plans including creating AI agents to automate tasks. (Writing by Cleofe Maceda; editing by Brinda Darasha)
Yahoo
30-07-2025
- Business
- Yahoo
Ramp hits $22.5B valuation just 45 days after reaching $16B
Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp's last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his vision for AI agent-led 'autonomous finance' that he predicts will be the norm by 2028. To this end, Ramp just launched its first agent with plans to launch has now raised $1.9 billion total. The company became cash-flow positive earlier this year, it told TechCrunch. In March, Glyman told us Ramp had hit annualized revenue of $700 million. It currently claims 40,000 customers.
TechCrunch
30-07-2025
- Business
- TechCrunch
Ramp hits $22.5B valuation just 45 days after reaching $16B
In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp's last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his vision for AI agent-led 'autonomous finance' that he predicts will be the norm by 2028. To this end, Ramp just launched its first agent with plans to launch more. Ramp has now raised $1.9 billion total. The company became cash-flow positive earlier this year, it told TechCrunch. In March, Glyman told us Ramp had hit annualized revenue of $700 million. It currently claims 40,000 customers.
CNA
30-07-2025
- Business
- CNA
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
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.
National Post
24-07-2025
- Business
- National Post
Expensify to Announce Q2 2025 Results
Article content PORTLAND, Ore. — Expensify, Inc. (Nasdaq: EXFY), the financial management super app for expenses, travel, and corporate cards, today announced that the company's Q2 2025 financial results will be released after market close on Thursday, August 7th, 2025. Article content Article content Expensify will host a call to discuss its Q2 2025 results on Thursday, August 7th 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at Prior to the call, interested parties can visit the website to add the event to their calendars. Article content After the call, the following will be made available at Article content To get started using Expensify or to learn more, head over to Article content About Expensify Article content Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills—all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat. Article content Article content Article content Article content
