Fintech startup Ramp is planning to raise $1 billion in funding, with a valuation potentially reaching $60 billion.

BlockBeats News, September 9 - According to Bloomberg, fintech startup Ramp is in early-stage negotiations with investors for a new funding round, with the company's valuation expected to reach approximately $60 billion. If the deal is completed, Ramp's valuation would increase by about 36% from the previous $44 billion in just three months.

Sources familiar with the matter revealed that Ramp aims to raise approximately $1 billion in new funds this time. The negotiations are still ongoing, and specific terms may change. Ramp declined to comment. Founded in 2019, Ramp primarily provides expense management, payment processing, and AI fraud detection services for enterprises. In June this year, the company just completed a $750 million funding round, bringing its cumulative fundraising to approximately $3 billion to date.