The expense management platform developer more than doubled its valuation to $8.1bn in a Stripe-backed round consisting of $200m in equity funding and $550m in debt financing.

Ramp, a US-based provider of a corporate card for controlling spending, raised $750m yesterday in debt and equity financing from investors including digital payment technology provider Stripe, valuing it at $8.1bn. Founders Fund led the $200m equity portion of round, which included Thrive Capital, Redpoint Ventures, D1 Capital Partners, Spark Capital, Coatue Management, Iconiq Capital,…

The rest of this content is only accessible to Global Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.