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Company pair · Fintech

Brex vs Ramp

Fintech Brex acquired Ramp private US-headquartered No Canborsa market

Brex vs Ramp: two of the better-known names in fintech, compared side by side.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

BrexACQUIRED · US

RampPRIVATE · US

Last valuation$5.15B$44B

Basis Tender Post-money

As ofApr 2026Jun 2026

Founded20172019

Employees≈1,100≈1,200

On CanborsaNo marketNo market

At a glance

$5.15B

BrexTender, Acquisition · Apr 2026

$44B

RampPost-money, Series F · Jun 2026

An acquisition mark and a going-concern print stay on separate scales

Gap

0 of 2

On CanborsaNeither company has a market

Head-to-head · field by field

Brex vs Ramp — side by side

Field

BrexACQUIRED · FOUNDED 2017

RampPRIVATE · FOUNDED 2019

Last valuation

$5.15B Tender

$44B Post-money

Valuation date

7 Apr 2026

4 Jun 2026

Valuation basis

Tender

Post-money

Latest round

Acquisition

Series F

Round size

$5.15B

$750M

Round lead

Capital One Financial

ICONIQ, GIC

Named investors

Ribbit Capital Y Combinator Continuity Peter Thiel Max Levchin

Founders Fund Lightspeed Venture Partners Bessemer Venture Partners 1789 Capital

Founded

2017

2019

Employees (est.)

≈1,100

≈1,200

Sector & HQ

Financial technology (corporate cards and spend management) · 🇺🇸 US

Status & market

Acquired — no Canborsa market

Private — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $5.15B for Brex (tender, Apr 2026) and $44B for Ramp (post-money, Jun 2026).

Brex

$5.15BTender · Apr 2026

Ramp

$44BPost-money · Jun 2026

BREX · $5.15B · APR 2026RAMP · $44B · JUN 2026

Brex vs Ramp · what each company discloses

What each company discloses, and what it leaves out

BrexACQUIREDFintech · US · 2017

+Last disclosed mark $5.15B — tender, Apr 2026.

+Founded 2017 .

+≈1,100 employees.

+Latest round: Acquisition, $5.15B raised, led by Capital One Financial.

RampPRIVATEFintech · US · 2019

+Last disclosed mark $44B — post-money, Jun 2026.

+Founded 2019 .

+≈1,200 employees.

+Latest round: Series F, $750M raised, led by ICONIQ.

Verdict

Verdict

The $5.15B tells you…

What buyers paid for shares that already existed — existing shares changed hands in a tender.

The size of that transaction:$5.15Bin Apr 2026.

Existing shares moved between holders; the company's balance sheet stayed unchanged.

The $44B tells you…

What an investor paid for newly issued shares — a primary round, priced post-money.

How much capital arrived with it:$750M, led by ICONIQ in Jun 2026.

A dated print: it moves only when a newer round is announced.

A tender print and a post-money print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

Are Brex and Ramp in the same sector?›

Brex operates in Financial technology (corporate cards and spend management), and Ramp operates in Financial technology (corporate cards and spend management).

How do Brex and Ramp compare in valuation?›

Brex was last valued at $5.2B in April 2026, and Ramp at $44B in June 2026.

When did Brex and Ramp last raise funding?›

Brex's most recent round was Acquisition, raising $5.2B in April 2026; Ramp's was Series F, raising $750M in June 2026.

Which is bigger by headcount, Brex or Ramp?›

Brex has about 1,100 employees, and Ramp has about 1,200.

What's the IPO status of Brex and Ramp?›

Brex's status is acquired; Ramp's status is private.