Ramp, a fintech focused on expense management, raised $300 million recently, bringing its valuation to $32 billion in just a few months. This follows a series of funding rounds that have significantly boosted its worth, from $13 billion earlier this year to its current figure. The company claims over 50,000 customers and reported annualized revenue exceeding $1 billion.

Ramp has achieved a valuation of $22.5 billion following a late-stage funding round where it raised $500 million, marking a significant rebound in fintech funding. The New York-based company, which specializes in corporate cards and expense management, has now accumulated a total of $1.9 billion in equity financing.