Ramp disclosed that annualized card spend on its platform has reached $10 billion, tripling year-over-year from $3.3 billion in April 2025. The milestone comes as mid-market companies — those with 200 to 2,000 employees — increasingly replace fragmented stacks of expense tools with Ramp's unified spend management platform.
The company now serves 25,000 businesses, with average annual spend per customer rising to $400,000 from $275,000 a year ago. Ramp attributes the increase to its expansion into bill pay, procurement, and travel — product lines that barely existed when the company launched as a corporate card in 2020.