{"id":25933,"date":"2021-08-25T11:54:51","date_gmt":"2021-08-25T11:54:51","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/ramp-and-brex-draw-diverging-market-plans-with-ma-strategies.html"},"modified":"2021-08-25T11:54:51","modified_gmt":"2021-08-25T11:54:51","slug":"ramp-and-brex-draw-diverging-market-plans-with-ma-strategies","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/ramp-and-brex-draw-diverging-market-plans-with-ma-strategies.html","title":{"rendered":"Ramp and Brex draw diverging market plans with M&A strategies"},"content":{"rendered":"

Earlier today, spend<\/span> management startup Ramp said it has raised a $300 million Series C<\/a> that valued it at $3.9 billion. It also said it was acquiring Buyer, a \u201cnegotiation-as-a-service\u201d platform that it believes will help customers save money on purchases and SaaS products.<\/p>\n

The round and deal were announced just a week after competitor Brex shared news of its own acquisition \u2014 the $50 million purchase<\/a> of Israeli fintech startup Weav. That deal was made after Brex\u2019s founders invested in Weav, which offers a \u201cuniversal API for commerce platforms.\u201d<\/p>\n

From a high level, all of the recent deal-making in corporate cards and spend management shows that it\u2019s not enough to just help companies track what employees are expensing these days. As the market matures and feature sets begin to converge, the players are seeking to differentiate themselves from the competition.<\/p>\n

But the point of interest here is these deals can tell us where both companies think they can provide and extract the most value from the market.<\/p>\n<\/p>\n

Earning more by spending less<\/h2>\n

Let\u2019s start with Ramp. Launched in 2019<\/a>, the company is a relative newcomer in the spend management category. But by all accounts, it\u2019s producing some impressive growth numbers. As our colleague Mary Ann Azevedo wrote<\/a>:<\/p>\n

\n

Since the beginning of 2021, the company says it has seen its number of cardholders on its platform increase by 5x, with more than 2,000 businesses currently using Ramp as their \u201cprimary spend management solution.\u201d The transaction volume on its corporate cards has tripled since April, when its last raise was announced. And, impressively, Ramp has seen its transaction volume increase year over year by 1,000%, according to CEO and co-founder Eric Glyman.<\/p>\n<\/blockquote>\n

Ramp\u2019s focus has always been on helping its customers save money: It touts a 1.5% cash back reward for all purchases made through its cards, and says its dashboard helps businesses identify duplicitous subscriptions and license redundancies. Ramp also alerts customers when they can save money on annual versus monthly subscriptions, which it says has led many customers to do away with established TE platforms like Concur or Expensify.<\/p>\n

All told, the company claims that the average customer saves 3.3% per year on expenses after switching to its platform \u2014 and all that is before it brings Buyer into the fold.<\/p>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/azQd1gszcNM\/<\/p>","protected":false},"excerpt":{"rendered":"

Earlier today, spend management startup Ramp said it has raised a $300 million Series C that valued it at $3.9 billion. It also said it was acquiring Buyer, a \u201cnegotiation-as-a-service\u201d <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-25933","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t