NEW YORK—A new credit card startup is taking aim at American Express and other players that have long dominated corporate expense accounts.
Ramp, a fintech whose founders sold their last venture to Capital One, has raised $25 million and signed up nearly 100 businesses to its card, the company announced, Fortune reported.
What sets Ramp apart from its competitors, according to the fintech, is that it's designed to help card holders save money. Ramp claims to have helped customers spend an average of 2% less so far—savings of as much as $250,000 for one company—using technology to identify "wasteful spending," Fortune said.