Financial technology company Ramp has completed a $300 million financing round, with Thrive Capital and Sands Capital leading the investment.

BlockBeats reported on August 23rd that financial technology company Ramp completed a $300 million financing round with a post-investment valuation of $5.8 billion, led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund, and other existing supporters. The new funds will be used to accelerate product development and expand recruitment in the second half of this year. Ramp had previously notified cryptocurrency companies that use its corporate card service that it would significantly reduce spending limits and enforce new requirements.