Ramp hits $60bn valuation in $1.85bn round, Bloomberg reports

Credit: Ramp

Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter.

Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a large cheque, the people said. The $60bn figure is before the new money is counted.

$16bn in four months

The deal confirms talks that Bloomberg first reported in September. Ramp raised $750mn in June at a $44bn valuation.

Founded…