Ramp in Talks to Raise $1 Billion at a $60 Billion Valuation

Fintech startup Ramp is in early discussions for a new funding round that could value the company at approximately $60 billion, up from $44 billion three months ago.
The company is considering raising about $1 billion in primary capital, adding to the roughly $3 billion it has raised to date, which included a $750 million round in June.
Ramp surpassed $1.5 billion in annualized revenue by early June and is backed by investors including Iconiq, Thrive Capital, and Founders Fund, according to Bloomberg.