Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B
The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
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Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down.
The timing is notable. PayPal, which owns Venmo, is restructuring to spin Venmo off as a stand-alone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright.
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Crosby is building Synthetic, a fully autonomous AI bookkeeping service for other startups.
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Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, said the deal doubles its valuation.
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