US company Ramp, which offers corporate cards and spend management software, has raised $1.85 billion in a round led by Dragoneer Investment Group. The deal values the company at $60 billion. Ramp reports annualised revenue above $2 billion with positive cash flow. More than 85,000 businesses manage about $275 billion a year in purchases through its platform.

What it means: The round shows where investors see value in fintech after the AI wave: not in general tools, but in platforms that sit on top of a company's real payments and books. Ramp started with the corporate card, added bill payments, month-end close and revenue collection, and now uses AI to automate spending controls. When a tool sees every transaction, it can spot waste and cut the manual work in the finance team. In Greece the same need is pressing, because small and mid-sized firms spend a lot of time matching bank statements, handling documents and submitting data to myDATA. With mandatory e-invoicing expanding, there is room for Greek solutions that combine cards, invoices and automatic reconciliation. Ramp is not active in the European market with the same intensity, so local players have an opening, provided they handle the specifics of the Greek tax system. For banks, the message is that business customers now judge services by how much time they save, not only by their fees. Greek accounting software vendors in particular should watch how Ramp builds AI into everyday finance tasks, because their own clients will soon expect the same convenience.

Read the original on Ramp (PR Newswire)

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