Ramp, a corporate card designed to help businesses spend less, confirmed $115M in new funding from D1 Capital Partners and Stripe, with support from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo, and Contrary Capital.

The round brings total venture and debt financing raised by Ramp to $320M, with a valuation of $1.6B.

Ramp is a technology company building a corporate card to save businesses money, providing companies higher card limits, insightful saving opportunities, automated expense management, fast receipt matching, seamless accounting integration, and more. Ramp was founded by the same team who built, scaled, and sold Paribus to Capital One.