Ed Ludlow

You have the who's who list of investors.

And what I find interesting is, not unique to you, it's come up a lot recently, you sat on a lot of the money that you raised for quite a long time.

You've gone out and done an acquisition.

What's that like, deciding to spend the funds raised?

Look, with everything we do, just as we're trying to help our customers get more from every dollar an hour, we want to, too.

And I think you're exactly right.

The business has raised more than $2 billion of equity capital.

The vast, vast majority of it is still on balance sheet, and Ramp is even generating cash, even as we're one of the fastest-growing companies in the world now.

Interesting.

Would you give me a number on that?

Any sort of financial metric on the health of how it's going?

You know, I would say this.

We've had four straight quarters of accelerating growth.

The businesses call it doubling every year, which is really an outlier.

And last year, I believe together, we shared that last summer we passed more than a billion dollars a year in revenue in U.S.

dollars.

And so we've seen that growth rate even accelerate.

So it's quite unique.

You run a tight ship, and you're trying to grow Ramp, and I really appreciate sharing the data on that point.

The landscape's very interesting, like Brex selling to Capital One, as an example.