Ramp reportedly raises $1.85 billion at a $60 billion valuation

Ramp, a fintech startup, has reportedly raised $1.85 billion at an approximately $60 billion valuation, according to people familiar with the fundraising. The valuation is the estimate investors are said to have used to price Ramp in this deal, and it reflects the terms of that financing at that time. It provides a snapshot of the company’s investor pricing at the time of the fundraising rather than a guarantee of what it would fetch in a later sale or an eventual public listing.