New York-based finance automation platform, Ramp, just 45 days after closing its previous US$200 million round.

The latest capital will be used to accelerate the company’s efforts to develop autonomous financial software powered by AI.

Led by co-founder and chief executive Eric Glyman, Ramp is advancing a model of finance where AI agents handle routine tasks such as transaction review, policy compliance, and fraud detection.

Companies including Notion, Webflow, and Quora are among those already using Ramp’s tools to reduce manual oversight and improve operational efficiency.

Ramp’s approach is centred on transitioning finance teams from sequential workflows to parallel systems, where AI can coordinate multiple functions simultaneously.

This includes contract review, purchase order approvals, and invoice processing, which traditionally occur in a step-by-step manner.

Looking ahead, the company expects to introduce autonomous finance systems with human supervision.

These systems would manage tasks such as expense clearances, cash flow optimisation, and real-time forecasting without requiring constant human input.

The intended outcome is not to eliminate jobs, but to shift finance professionals into roles focused on strategy and oversight.

Ramp currently serves a small share of US businesses and plans to use the new capital to broaden its reach and continue building infrastructure for AI-powered financial management.

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