Ramp
Facts
- HQ
- United States
- Sectors
- Finance, Fintech, SaaS, Accounting
- Stage
- Series F
AgentMail raises $6M seed to provide inbox-first APIs for AI agents as email reply handling becomes a new product category
Sending email from AI agents is easy, but providing durable inboxes, threading, and reply-handling is the emerging product category; AgentMail exemplifies this with a seed-funded inbox-first API and features for multi-tenant agent inboxes. Established transactional providers (Postmark, Resend, Mailgun, SendGrid, Amazon SES, Mailtrap) remain strong for send-only use cases, while inbound and thread management distinguish newer entrants.
Mercury launches AI agent virtual cards today to let startups delegate and audit autonomous spending
Mercury is launching AI agent virtual credit cards today to let startups delegate and audit autonomous purchasing, expanding its spend-management suite as more founding teams include AI agents.
Startups Cut Support Costs with AI Agents but Keep Humans for Disputes and High-Value Accounts
Startups are deploying AI agents to cut customer support costs—often reducing resolution costs by ~80% on routine tickets—but the biggest gains come from tiered deployments that automate high-volume, low-ambiguity requests while keeping humans for disputes, fraud, and high-value cases. Vendors like Intercom and examples such as Klarna show large time savings, but successful implementations require supervision, multi-month builds, and careful limits on what the AI is asked to replace.
Madrona Leads Faye’s Series C; Chris (Madrona) Joins Board as Faye Reimagines Travel Insurance
Madrona is leading Faye’s Series C investment because Faye has built a better, autonomous traveler care platform and improved whole-trip travel insurance that addresses slow, confusing incumbent products. The firm highlights travel’s growing disruptions and says Faye’s product delivers faster, more usable protection and better claims experiences for modern travelers.
Increase founder Darragh Buckley buys Washington bank to expand fintech into banking
Darragh Buckley, an early Stripe employee and founder of fintech startup Increase, has purchased a Washington bank to expand his company's financial-product offerings into banking.
Darragh Buckley completes takeover of Twin City Bank, renames it Increase Bank to expand fintech services
Darragh Buckley, an early Stripe employee and founder of fintech Increase, has completed a full takeover of Twin City Bank in Washington and renamed it Increase Bank to expand digitally native banking services for fintech clients.
Paper raises $34M Series A led by Accel and Iconiq to build AI-native design platform
Paper, a San Francisco startup that calls itself a design platform for the agentic era, raised $34 million in a Series A led by Accel and Iconiq to accelerate product development, expand its team, and build AI-native workflows for designers. Investors also include Designer Fund, Michael Grinich (WorkOS), Anton Osika (Lovable), and engineers and designers from Anthropic and OpenAI.
Y Combinator-backed Scape launches intelligent email inbox, raises $3.2M to automate replies and attachments
Scape, a Y Combinator-backed startup founded by Melvin Hagberg and co‑founder Elis Hodzic, emerged from stealth to launch an intelligent email inbox that drafts responses, prepares attachments, and surfaces only emails needing attention. The company raised $3.2 million from Y Combinator, General Catalyst, FundersClub and several angel investors to automate and streamline email workflows.
Stripe’s $159B influence: culture and products fuel $1.9–2T in payments, alumni-founded AI and fintech powerhouses
Fast Company profiles Stripe as a $159 billion company whose urgency-driven, writing-first culture and customer obsession turned it into an “idea factory” that powers $1.9–2 trillion in annual payments, spawns influential startups (including early OpenAI and Anthropic founders), and funds major public-good initiatives like Frontier and Intercept.
AI Startups Take 8 of NYC's 10 Biggest Q2 Venture Deals; Kalshi, Ramp and Cyera Lead Billion-Dollar Rounds
In Q2, AI startups captured eight of New York City's ten largest venture deals, led by Kalshi, Ramp, and Cyera, with combined funding in the billions.
UK FinTech Raises $1.8 Billion in H1 2026, Retains Global No. 2 Spot Amid Global Funding Decline
In the first half of 2026, the UK FinTech sector secured USD $1.8 billion across 181 deals, maintaining its position as the world's second-largest FinTech market despite a global funding decline. Investment shifted toward AI, with global venture capital for AI exceeding USD $400 billion in H1 2026, a 50% increase from 2025.
Airwallex Raises $320 Million at $11 Billion Valuation to Advance AI-Driven Finance
Airwallex raised $320 million in a Series H round, reaching an $11 billion valuation as it focuses on AI-driven autonomous finance. The fintech reported a 74% revenue increase to $1.3 billion and aims to expand its AI-native financial software and global regulatory footprint.
Tipalti Plans AI-Driven Growth to Reach Profitability by 2027 Ahead of IPO, Says President Rob Israch
Fintech startup Tipalti is focusing on AI-driven finance automation to grow its customer base and plans to achieve sustained profitability by early 2027, a key milestone before pursuing an IPO. The company processes about $90 billion in payment volume and aims for favorable market conditions before going public.
Y Combinator-backed Scape, founded by two 23-year-olds, raises $3.2M to launch AI-native email inbox
Y Combinator startup Scape, founded by two 23-year-old entrepreneurs, has emerged from stealth with $3.2M to build an AI-native email inbox that drafts replies, generates documents, and prioritizes important messages.
Australian Fintech Airwallex Relocates 100+ Staff from China Amid Scrutiny Over China Links
Australian fintech Airwallex, valued at $12 billion and founded by Chinese entrepreneurs in Australia, faced scrutiny over its China connections as it relocates over 100 staff from Chinese offices amid concerns. The company is increasing its public relations efforts following leaks and criticism linking it to the Chinese government.
Ramp Acquires 2024-Founded Corporate Travel Startup Juno Backed by Madrona
Ramp acquired Juno, a 2024-founded corporate travel expense startup backed by Madrona and Bungalow Ventures, with Juno’s founders continuing as co-CEOs. The acquisition aims to integrate Juno’s platform for managing non-employee expenses into Ramp’s fintech offerings while preserving Juno’s brand and team.
David Tisch’s BoxGroup Raises $550 Million Across Two Funds — BoxGroup Seven and BoxGroup Leaven — After 16 Years
David Tisch’s BoxGroup, a 16-year-old early-stage VC, closed $550 million across two new funds—BoxGroup Seven (early-stage) and BoxGroup Leaven (follow-on opportunity)—continuing its strategy of taking small positions in many startups including Ramp, Stripe, Plaid, Cursor, Airtable, and Oscar.
Autonomous CRM: How Clarify Is Reinventing a $100B Category
Thompson and Austin Hay, co-founders of Clarify, the startup that's pioneering the idea of autonomous CRM. Their vision? A CRM that actually does the work for sellers of driving outreach, managing pipeline, and surfacing insights without constant manual input. Patrick and Austin share: • Their journey from Iteratively, Ramp, and Amplitude to founding Clarify • Why the CRM market is ripe for disruption with AI • How Clarify's unique pricing model flips the script (free CRM, pay only when the AI agent works for you) • The concept of autonomous GTM teams and the rise of the Go-to-Market Engineer •…
USVP and Madrona co-lead $15M Series A in Clarify to build an autonomous AI-native CRM
USVP and Madrona co-led a $15 million Series A in Clarify, an AI-native autonomous CRM founded by Patrick Thompson that automates call briefs, transcriptions, action items, follow-ups and pipeline maintenance. Clarify, seeded in Q1 2024, now serves 100+ customers, has ~20 employees, uses usage-based pricing with unlimited users, and aims to replace legacy CRM workflows dominated by Salesforce and HubSpot.
Stifel Bank’s Minh Le Urges Startups to Use Two Banks and Highlights Stifel’s $250M FDIC-Insured Cash Sweep
Minh Le, Managing Director at Stifel Bank, advises startup founders to maintain two banks (a primary strategic bank and a backup), prioritize cash safety and liquidity (highlighting Stifel’s Insured Cash Sweep offering up to $250M FDIC coverage), and consider bank choice based on platform, relationships, and product fit rather than just UI. He discusses pros and cons of Stifel, big banks, and fintechs like Mercury and Brex, and offers practical guidance on sweep accounts, treasuries, venture debt terms, working-capital facilities, and equipment financing.
