Ramp’s CEO Eric Glyman reveals the company’s unconventional approach to corporate cards, focusing on spending reduction rather than rewards. The fintech reportedly reached $1 billion in annualized revenue and achieved unicorn status faster than any other New York company, according to Fortune’s Leadership Next podcast.
Unconventional Strategy Drives Record Growth
Corporate credit card provider Ramp has reportedly achieved a staggering valuation of $22.5 billion by implementing a counterintuitive business model that encourages customers to spend less rather than more, according to recent reports from Fortune’s Leadership Next podcast. Sources indicate that CEO Eric Glyman’s approach represents a fundamental shift from traditional credit card companies that typically reward increased spending.