Ramp reportedly raised $1.85 billion in a new funding round, valuing the spend management platform at $60 billion before the new capital is included. The valuation was reported based on sources familiar with the deal.
8:25 PMPYMNTS3 stories from 3 sources
Sunday, October 11, 2026
Day’s Recap is unavailable for this topic and date. Feel free to go through our curated list of stories below.
Other Developments
A curated list of other prominent stories from this day.
Japan's SBI Group is preparing a digital asset joint venture with crypto infrastructure provider Mesh Connect and financial software company Money Forward.
8:01 PMFinextraPrediction markets that once focused on economic and cultural events are gaining traction by offering contracts tied to NFL games. The shift is making sports a central growth driver while bringing their business model closer to conventional sports betting.
9:30 AMBloomberg Markets8:25 PMPYMNTS
Ramp Valued at $60 Billion Following New Funding Round
Summary
Ramp reportedly raised $1.85 billion in a new funding round, valuing the spend management platform at $60 billion before the new capital is included. The valuation was reported based on sources familiar with the deal.
The financing gives Ramp substantially more private-market value and capital to expand its corporate payments
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Ramp's valuation signals that investors still see major upside in software-led platforms that control corporate spending and payments.
8:01 PMFinextra
SBI Group and Mesh prep digital asset JV
Summary
Japan's SBI Group is preparing a digital asset joint venture with crypto infrastructure provider Mesh Connect and financial software company Money Forward.
The proposed partnership brings a major Japanese financial group together with crypto infrastructure and fintech
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The venture could give digital asset infrastructure a stronger route into Japan's mainstream financial system.
9:30 AMBloomberg Markets
Prediction Markets’ NFL Boom Tests Sports Betting Rules
Summary
Prediction markets that once focused on economic and cultural events are gaining traction by offering contracts tied to NFL games. The shift is making sports a central growth driver while bringing their business model closer to conventional sports betting.
The NFL boom is forcing regulators to decide whether event contracts on sports outcomes are
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Sports contracts could turn prediction markets into mainstream fintech platforms, but regulatory classification may determine whether that growth is scalable.
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