Ramp, the corporate card and expense management startup, announced its annualized revenue surpassed $1 billion, signaling strong growth across enterprise and mid-market segments. The company’s latest valuation climbed to $22.5 billion following its recent funding round led by Iconiq Capital and Founders Fund. Management attributed expansion to adoption of its automated expense controls and integration stack across major ERP ecosystems. Analysts said Ramp’s efficient capital utilization and accelerating gross margins position it favorably among U.S. fintech peers. The firm plans to broaden coverage across Europe and Asia next year.