Ed Ludlow

Over many years on this show, the guys at Brex would never have said that that would be the case.

How do you feel about Ramp's independence, long-term, and where it fits in a big sea of large financial players?

I think it's a really special thing.

If you talk to, let's say, a finance leader of a company, let's say with 500 employees, their finance suite looks like a mess.

We find there's something like 20 tools on average, something for cards, something for bill payments, something for AR, something for expenses, something for procurement, something for approvals.

It's horrific.

And part of what we've done is collapse that and really simplify it.

And I think that has first made us unique in the market and allowed us to grow even faster than the largest financial institutions.

And so we're excited.

We're over 2% of all the corporate and small business card transactions in the U.S.

And while we're very excited about that, we look forward to taking on the next 98% and delivering something better.

Eric, we just have 30 seconds, but looking at Block as an example, will you reduce headcount because of AI?

Look, we have salespeople who are closing two, three times the dollar value of deals than we did last year.

And from my vantage point, when you have people who can do that, you want to hire as many as you can as fast as possible.

Eric Lyman, CEO of Rampage.

It's really great to have you back on Bloomberg Tech.

Thank you very much.

Now, coming up on the show, changes to rules governing the S&P 500 could rocket SpaceX onto the index.

We're going to have details on that Bloomberg story next.

It is halftime.