Diligence memo · auto-generated · as of July 2, 2026
Ramp Business Corp
Ramp Business Corp looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Ramp Business Corp operates in Other Technology, based in NEW YORK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Ramp Business Corp has raised $2.2B in disclosed capital across 11 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $514M on 2025-07-28.
Most recent recorded round closed around 2025-11-17.
Valuation (modeled)modeled
Provath models Ramp Business Corp at approximately $3.1B (range $2.4B–$3.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.62× the median modeled value of Growth/Late Other Technology companies in 2025–2027 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 7 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: EssentaTor Inc., Kalshi Inc., nFusz, Inc., Rarestep, Inc., MatX Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.