Expense management giant Ramp, a leading fintech decacorn, has made a strategic move by acquiring the team behind Jolt AI, an emerging artificial intelligence startup, as reported by Crunchbase News.
This acquisition, announced on October 6, 2025, aims to supercharge Ramp’s engineering capabilities, with the company emphasizing its goal to make its engineers “as productive as possible.”
Ramp’s Strategic Push into AI-Driven Fintech
Ramp’s acquisition of Jolt AI is part of a broader trend in the fintech sector, where companies are increasingly leveraging AI technologies to streamline operations and enhance service delivery.
Founded in 2019, Ramp has rapidly grown into a powerhouse in corporate spend management, surpassing $1 billion in annualized revenue and achieving a staggering $22.5 billion valuation after a $500 million Series E-2 round in July 2025.
Historically, Ramp has not shied away from acquisitions to bolster its offerings, having previously acquired AI-powered startups like Venue in 2024 to expand its procurement solutions.
Why Jolt AI Matters to Ramp’s Future
The integration of Jolt AI’s team is expected to accelerate Ramp’s development of innovative tools, potentially enhancing its recently launched AI agents for finance automation.
This move comes at a time when corporate AI adoption may be leveling off, according to Ramp’s own transaction data, making it crucial for the company to stay ahead with cutting-edge solutions.
The impact of this acquisition could be significant, not just for Ramp’s over 25,000 customers, but also for the fintech industry, as it signals a continued focus on AI-driven efficiency.
Looking ahead, industry experts anticipate that Ramp will use Jolt AI’s expertise to further refine its platform, possibly introducing new features for expense tracking and financial decision-making.
The acquisition also reflects a growing trend in 2025, where fintech and AI mergers and acquisitions are surging, with major players like Apple and Salesforce leading similar acquihires.
For Ramp, the future seems geared toward redefining financial operations, with AI at the core of its strategy to maintain a competitive edge in a rapidly evolving market.
Alfred Lee
