ramp

The chief economist of the American asset management firm Apollo, Torsten Sløk, released five charts, believing that AI has not yet brought significant financial returns to large American companies outside of the tech giants. The per capita revenue and profit margins of the seven tech giants continue to rise; excluding them, the 493 companies in the S&P have seen these two metrics remain basically stagnant, and the data on total factor productivity in the U.S. has not shown significant signs of AI-driven growth.Apollo cited data from the corporate payment platform Ramp, stating that among its clients, the top 10% of companies by spending contributed 99.5% of the model hosting and inference costs. Among the top 1% of companies with the highest AI spending, about 80% have venture capital backgrounds; for companies at the median spending level, this ratio is only 13%. A large amount of AI computing power consumption is concentrated in a few companies, many of which rely on venture capital support.Previous statistics from Apollo indicated that during the second quarter earnings season of 2026, 69% of S&P 500 companies had disclosed that they were actually using AI, but only 2% reported metrics for ongoing tracking of effectiveness. Another NBER study updated in October this year surveyed nearly 9,000 corporate executives from seven countries, with respondents estimating that over the past three years, AI has only improved the annual growth rate of labor productivity in companies by about 0.2 percentage points.

According to Ramp's tracking of payment data from over 70,000 U.S. companies, approximately 80% of Anthropic and OpenAI's enterprise revenue comes from the top 1% of clients. In August and September, enterprise Token spending saw nearly zero growth for two consecutive months; although it reached a historical high at the beginning of October, it was only 1.5% higher than the peak in August.According to Ornn data, the actual Token price index for Anthropic fell from over $1.70 in mid-September to $0.83, a decline of more than 50%, while OpenAI's corresponding index was $0.45. According to YipitData, the top 1% of Anthropic's clients contributed 46% of revenue in August, up from 25% a year ago. Ramp data shows that the paid adoption rate for enterprise AI in September only increased by 0.62 percentage points to 55.9%. Ramp's chief economist Ara Kharazian believes that growth is shifting from expanding the paid user base to enhancing the depth of use among existing users.Goldman Sachs warns that the growth rate of Token demand must exceed the decline in prices to support sustained investment in computing power. Apollo's chief economist Torsten Slok pointed out that companies are highly sensitive to computing power prices, and price reductions may not necessarily lead to sufficient new demand. Goldman Sachs data also shows that the realized return on invested capital for Amazon, Alphabet, Meta, Microsoft, and Oracle has dropped from 40% to 25%, the lowest since 2016.

Financial technology company Ramp announced that it submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 to establish Ramp National Trust Bank. If approved, the trust bank license will allow it to provide fiduciary investment management and digital asset custody services, bringing it under a unified federal regulatory framework.In addition, the proposed entity will not engage in accepting deposits or issuing commercial loans.

Ramp, the corporate spending management platform, co-founder and CEO Eric Glyman posted on X that Ramp has completed a $1.85 billion financing round, reaching a valuation of $60 billion. Ramp provides companies with corporate cards, expense management, and financial process automation services.Eric Glyman stated that seven years ago he and co-founder Karim wrote the company's mission on a sticky note: "To save companies time and money." He mentioned that this mission has not changed, only the scale has become larger.

Ramp, the corporate expense management platform, co-founder and co-CEO Eric Glyman announced on October 13 the launch of the AI workspace Glass for the entire company. Glyman stated that providing the best models and the most tokens to every employee does not equate to becoming an AI-native company. He mentioned that in one week in May 2026, Ramp consumed $1.5 million in tokens, after which a small team transformed the environment built by the employees who were best at using AI into a work method available to all.Glass advocates starting from the existing knowledge of the company rather than from a blank conversation. As of the announcement, 323 employees have edited the content in Glass over 6,500 times. In terms of feature requests, there were about 300 entries that needed to be manually input into Salesforce each month; after a client manager stored prompts in Glass in May, they now capture about 20,000 entries per month and have sent out over 5,000 emails regarding the features requested by clients. The product supports integration with company knowledge from Linear, Notion, Google, Slack, Gong, etc., allowing multiple people to collaborate in the same session. After migrating its own work, Ramp's billing decreased by 30%, and it is currently opening up for the first batch of enterprises.

According to Digital Asset, global payment company Stripe has added support for Samsung Pay on the Android side for its cryptocurrency fiat purchase service Crypto Onramp in the React Native SDK version 0.75.0, covering payment configuration, availability checks, payment method collection, and integration examples.Android applications developed with React Native can access Samsung Pay, allowing users to purchase cryptocurrency using fiat currency through this payment method. Previously, the service supported payment methods such as credit cards, debit cards, Apple Pay, Google Pay, and ACH bank transfers.

On September 9, Ara Kharazian, Chief Economist of the corporate spending management platform Ramp, released the Ramp AI Index for September 2026. This index tracks the AI usage of U.S. enterprises based on Ramp's spending data. In August, Anthropic held a share of 43.8% among U.S. enterprises paying for subscriptions or tokens, an increase of 0.34 percentage points month-over-month; OpenAI accounted for 39.8%, with a month-over-month increase of 0.09 percentage points. Overall, the adoption of AI continues to grow, but the growth rate is slowing, with technology sectors such as information, finance, and professional services leading.The median monthly AI spending per capita for the top 1% of enterprises decreased by 9.7%, from $7,976 to $7,205. The effective price per million tokens dropped by 41% from the peak of $1.15 in March 2026 to $0.68. The usage is driven by cheaper standard models, with cutting-edge models (Opus, Fable, Sol) accounting for 45% of the token share. The adoption of open-source models remains limited, representing 6.4% of AI spending enterprises and 3.6% of all enterprises.

According to Bloomberg, fintech startup Ramp is in early negotiations with investors for a new round of financing, with the company's valuation expected to reach approximately $60 billion. If the deal is completed, Ramp's valuation will increase by about 36% from the previous $44 billion in just three months.Insiders revealed that Ramp plans to raise about $1 billion in new funding, and the negotiations are still ongoing, with specific terms subject to change. Ramp declined to comment. Founded in 2019, Ramp primarily provides services such as expense management, payment processing, and AI fraud detection for businesses. In June of this year, the company completed a $750 million financing round, bringing its total funding to approximately $3 billion to date.

Ramp's data head Ara Kharazian posted that Ramp's latest data shows that AI company revenues are highly dependent on a small number of clients, with 80% of OpenAI and Anthropic's corporate revenue coming from 1% of clients, and this situation has not improved.Kharazian stated that this level of concentration risk is not seen in any other software category he tracks, with the top 1% of client companies heavily skewed towards the technology sector and AI products and services, especially as OpenAI and Anthropic approach their IPOs.

According to SolanaFloor, the financial platform Ramp, which serves over 70,000 enterprises, has launched a stablecoin account on Solana, allowing businesses to hold USDC or USDT and enabling around-the-clock cross-border payments through existing approval and accounting workflows.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: Vici Gaming vs PlayTime - Esports World Cup Survival Match," the "Yes" option for the sub-market "Any Player Rampage" has experienced a dramatic fluctuation in win rate, soaring from 27.5% an hour ago to the current 50% (a fluctuation of 22.5%). Please note the impact of related breaking news.

According to official news, the crypto-native cross-border financial platform Offramp, primarily aimed at freelancers in Latin America, will cease operations.As of July 1, functions such as transfers, QR code payments, deposits, and investments have been disabled. Starting July 31, Offramp will stop fiat currency deposits and withdrawals as well as cryptocurrency deposits, and will disable physical and virtual cards and stop the operation of the mobile application. On September 30, Offramp will stop cryptocurrency withdrawals, and by December 31, the remaining functions will be disabled, officially ceasing operations.

The economic laboratory of the fintech company Ramp has released a new version of the Ramp AI Adoption Index report. Based on spending data analysis from over 70,000 U.S. enterprise customers, the adoption rate of enterprise-level AI for Anthropic increased by 2.5 percentage points to 41%, officially surpassing OpenAI, which slightly decreased to 39.5%, establishing a leading position in the field of commercial applications.The report focuses on analyzing the spending trends of top enterprises that "deeply adopt AI." Data shows that the top 1% of enterprises spend as much as $7,449 per employee per month on AI, with this figure still achieving a 14.1% increase last month; in contrast, the top 10% of enterprises have an average monthly spending of $611 per employee, while the median enterprise spends only $11.38 (approximately equal to the cost of a single basic subscription).Additionally, the research points out that enterprises that deeply apply AI do not experience "vendor lock-in" and generally adopt multiple cutting-edge large models, open-source platforms, and vertical AI solutions simultaneously. Although enterprises are beginning to experiment with more cost-effective models (such as DeepSeek) in the face of cost pressures, overall AI spending remains on an upward trend.

According to PR Newswire, the enterprise-level AI payment and financial management platform Ramp announced the completion of a new round of financing totaling $750 million, with a post-money valuation of $44 billion.This round of financing was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from institutions such as Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, and Insight Partners.Ramp stated that the company is expanding its business into the AI cost management field, launching the AI Token spending management tool to help businesses monitor and control expenses related to large models and AI services. In recent months, Ramp has completed acquisitions of the UK and European payment platform Billhop and the business travel platform Juno, and has also deepened its long-term collaboration with Visa to promote AI agents to autonomously execute corporate payments within a real-time risk control framework.Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, with the internally developed platform Inspect currently generating over two-thirds of the company's code. The company plans to use this round of financing to further expand its product layout and accelerate its expansion into the UK and European markets.

According to Axios, the Bitcoin custody platform Onramp has completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Early Riders led the round, with participation from its private clients and external angel investors.Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and not having to manage private keys themselves.

According to market news, Ramp, supported by top Silicon Valley investor Peter Thiel, will allow payments and consumption through Plasma using stablecoin channels.

ChainCatcher news, the Coinbase Developer Platform has launched the fiat deposit application programming interface Onramp API, with its first partner Moonshot officially online. The Onramp API allows for customizable user experiences, quick integration, supports Apple Pay, and guest checkout. Additionally, this feature is currently limited to the United States, and users must have a U.S. phone number and pay in USD.

ChainCatcher news, according to CoinDesk, Bitcoin financial services company Onramp has partnered with lending platform Arch to launch a Bitcoin-backed loan service.This new product allows BTC holders to obtain loans while retaining ownership of their assets, aimed at providing services to investors who wish to gain liquidity without selling their Bitcoin.