Eric Gleiman, co-founder of Ramp, built a corporate spending platform that helps businesses cut costs, launched in 2020, and is now valued at $44 billion.
Eric Gleiman turned a $100 flight refund dispute into Ramp, a corporate spending platform now valued at $44 billion. From chasing airline refunds to building the future of business finance.
Eric's first business idea came from chasing a $100 flight refund in 2013. After booking a cheap flight, the price dropped $100 the next day. He read the fine print, discovered the airline owed him the difference, and claimed it. Realizing few people knew about this travel tip, he built an app that automatically checks for flight refunds on behalf of users.
Ramp is designed to help businesses cut costs. It flags wasted subscriptions, blocks spending over budget, and automatically handles expense reports. The platform was built to address the cost-cutting needs that became urgent during the COVID-19 pandemic.
Ramp launched in February 2020. Three weeks later, COVID-19 shut New York down and business spending slowed. However, this actually became beneficial for Ramp because many companies became desperate to cut costs, which was exactly the problem Ramp was built to solve.
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