The Time and Money Company
"What's changed," Eric said, "is that now there's a constant assault on your time."
These words from Ramp CEO Eric Glyman perfectly capture the reality facing every business leader today. In the 1980s, you couldn't be reached on a Saturday morning—you didn't have a cell phone. Today, emails, notifications, and urgent requests follow us everywhere. The modern business landscape has fundamentally shifted, and time has become the ultimate luxury.
This insight has propelled Ramp from a startup to a $1 billion revenue powerhouse in just six years, making it one of the fastest-growing companies to ever reach this milestone while maintaining profitability.
Today's blog post highlights this amazing company and proud partner to JCL Strategic and our clients. It is admittedly a bit of an advertisement, but trust us when we say we get nothing out of it.
What is Ramp?
Ramp started as a corporate credit card company, but it's evolved into something much more powerful: "The Time and Money Company." What began as a simple counter-positioning strategy against points-hungry incumbents has grown into a comprehensive financial platform that includes:
Corporate Cards & Expense Management - Automated expense reporting that reduces submission time by 98%
Bill Pay - Invoice processing with 99% accuracy from simple email forwards
Treasury - Cash management that automatically maximizes yield on idle funds
Travel - Policy-compliant booking that prevents out-of-policy purchases before they happen
Procurement - Streamlined vendor management and purchasing workflows
Ramp Plus - Advanced software with AI agents that handle routine financial tasks
Meteoric Growth That Defies Business Physics
Ramp recently announced they've crossed the $1 billion annual revenue milestone while maintaining remarkable growth velocity. What makes this achievement extraordinary is the combination of scale and speed - they're doubling revenue year-over-year at billion-dollar scale, a feat accomplished by very few companies in history.
Unlike many high-growth companies that prioritize growth over profitability, Ramp has achieved this milestone while generating positive operating cash flow. This financial discipline, combined with their growth rate, positions them uniquely in the market.
The opportunity ahead remains massive. With over 15 million businesses in the United States and trillions in annual business spending, Ramp is still in the early innings of market penetration. Their focus on solving real time and money problems for businesses has created a foundation for sustained growth across multiple product lines.
Ramp now serves more than 45,000 active customers and processes $100 billion in total payment volume.
The Philosophy That Changes Everything
"For every product we build, and everything we do, the goal is always, 'How can we save more time for customers?'"
This quote from Ramp CTO Karim Atiyeh reveals the core philosophy driving every product decision. Unlike traditional financial software companies that measure success by user engagement and time spent in their applications, Ramp measures success by how little time customers need to spend on financial tasks.
Think about that for a moment. While most companies want you to use their products more, Ramp's goal is for you to use their products less—because they're doing the work for you automatically.
This approach has led to breakthrough innovations like:
Policy Agents that can automatically approve 85-90% of expenses without human review
Real-time spend controls that prevent non-compliant purchases before they happen
Automated invoice processing that turns email forwards into approved payments
Smart cash management that maximizes interest earnings on every dollar
The Staggering Impact
The upshot is that by maniacally focusing on saving businesses time and money, Ramp has been successful in saving businesses time and money. Per the company, to date, it has saved businesses $10 billion and 27.5 million hours.
These numbers represent real impact for real businesses. Companies are recovering precious time that was previously lost to manual financial processes, allowing teams to focus on strategic initiatives rather than administrative tasks.
The compound effect of these time savings extends beyond individual transactions. When finance teams spend less time on routine tasks like expense report approvals and invoice processing, they can dedicate more energy to analysis, planning, and driving business growth.
Why This Matters More Than Ever
We're living through a fundamental shift in how businesses operate. The world is moving faster, switching costs are decreasing, and coordination costs are plummeting thanks to AI and automation. Companies that move like "massive cruise ships" could get away with that pace in the old world, but not anymore.
Businesses need real-time visibility into their finances, not month-old data. They need systems that prevent problems rather than just reporting on them after the fact. Most importantly, they need to free up their most valuable resource—human time—to focus on strategic work rather than administrative busywork.
The Bottom Line
Ramp isn't just another fintech company or corporate card provider. They're building the operating system for how modern businesses manage money and time. With AI agents increasingly handling routine financial tasks, Ramp is positioned at the forefront of this transformation.
The company's recent $22.5 billion valuation reflects investor confidence in this transformation. The company's growth trajectory suggests they're not just capturing market share—they're creating an entirely new category of business software focused on eliminating administrative overhead rather than managing it.
And maybe I'm biased because I'm an Eagles fan and Saquon is a Ramp fan, but JCL Strategic is a proud partner of Ramp and we strongly recommend our clients work with the platform to save them both time and money. JCL uses Ramp ourselves to run our business. It pays for itself in our opinion.
In a world where time is the ultimate luxury, Ramp isn't just saving businesses money—they're giving them back their most precious resource.
For a deeper dive into Ramp's evolution and differentiation, this blog post from Not Boring provides excellent analysis of their strategic approach and market positioning.
