Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Our solution was to offer a crypto wallet paired with a card that allows companies to store funds in a stablecoin like USDC.</li><li>Kapital launched a product that lets SMEs deposit their funds into Kapital and get access to stablecoins alongside local currency.</li><li>Crypto comes into play for executing the cross-border payment to the vendor seamlessly.</li></ul>

Our solution was to offer a crypto wallet paired with a card that allows companies to store funds in a stablecoin like USDC.Kapital launched a product that lets SMEs deposit their funds into Kapital and get access to stablecoins alongside local currency.Crypto comes into play for executing the cross-border payment to the vendor seamlessly.

Fernando Sandoval, co-founder Of Kapital, On Stablecoins For cross-border Payments

<ul><li>René understood that if he wanted to have a business that lasted for more than five years, he needed to invest all his money in tech.</li><li>There’s a huge lack of financial products in Latin America.</li><li>Kapital started back in 2020 with three founders.</li></ul>

René understood that if he wanted to have a business that lasted for more than five years, he needed to invest all his money in tech.There’s a huge lack of financial products in Latin America.Kapital started back in 2020 with three founders.

René Saul And Fernando Sandoval, co-founders At Kapital, On The Fintech Opportunity In LatAm

<ul><li>Ramp has overtaken Brex in total payments volume (TPV), hitting $30B annualized at the end of 2023 off the growth of Ramp's second product, Bill Pay.</li><li>In 2022, Brex shifted its strategy away from TPV as a north star metric to focusing on net revenue and profitability, becoming a mash-up of Ramp (B2B SaaS) and Mercury (banking).</li><li>Sacra estimates that Ramp has surpassed Brex on total payments volume, flippening them in 2023 as they hit $30B in TPV across both card and bill pay, growing 209% year-over-year.</li></ul>

Ramp has overtaken Brex in total payments volume (TPV), hitting $30B annualized at the end of 2023 off the growth of Ramp's second product, Bill Pay.In 2022, Brex shifted its strategy away from TPV as a north star metric to focusing on net revenue and profitability, becoming a mash-up of Ramp (B2B SaaS) and Mercury (banking).Sacra estimates that Ramp has surpassed Brex on total payments volume, flippening them in 2023 as they hit $30B in TPV across both card and bill pay, growing 209% year-over-year.

<ul><li>Ramp has been growing its customer base consistently over the past few years.</li><li>The company reported a significant increase in transaction volume in the latest quarter.</li><li>There are expectations of continued growth in market share over the next year.</li></ul>

Ramp has been growing its customer base consistently over the past few years.The company reported a significant increase in transaction volume in the latest quarter.There are expectations of continued growth in market share over the next year.

<ul><li>Ramp (founded in 2019) launched a free corporate card with 1.5% cash back on the front end powered by real-time, programmatic expense management on the back end.</li><li>By December 2020, ten months after launching, Ramp hit $200M in annualized gross payment volume (TPV) and $8M in annualized revenue—today, Sacra estimates that Ramp does about $16B in annualized TPV and $327M in annualized revenue, up 98% year-over-year, on track to hit $381M at the end of the year.</li><li>With card issuing as its initial wedge, Ramp set out to colonize the entire finance back office, starting by layering on optical character recognition (OCR) to go after Expensify (NASDAQ: EXFY) and the $2B expense management market.</li></ul>

Ramp (founded in 2019) launched a free corporate card with 1.5% cash back on the front end powered by real-time, programmatic expense management on the back end.By December 2020, ten months after launching, Ramp hit $200M in annualized gross payment volume (TPV) and $8M in annualized revenue—today, Sacra estimates that Ramp does about $16B in annualized TPV and $327M in annualized revenue, up 98% year-over-year, on track to hit $381M at the end of the year.With card issuing as its initial wedge, Ramp set out to colonize the entire finance back office, starting by layering on optical character recognition (OCR) to go after Expensify (NASDAQ: EXFY) and the $2B expense management market.

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AI platform for finance teams to automate expense audits, accounts payable, and corporate card management

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Fernando Sandoval, co-founder Of Kapital, On Stablecoins For cross-border Payments

There's two basic types of stablecoin products in the Kapital context: the customer-facing stablecoins that SMEs want to hold their funds in, and...

Sacra

René Saul And Fernando Sandoval, co-founders At Kapital, On The Fintech Opportunity In LatAm

What is Kapital and what inspired you guys to start the company...

Sacra

Ramp Passes Brex

TL;DR: Sacra estimates that Ramp has overtaken Brex in total payments volume (TPV), hitting $30B annualized at the end of 2023 off the growth of...

Sacra

Corporate Card Flippening

Sacra model of the corporate card flippening.

Sacra

Ramp's LLM Workflow

TL;DR: In August, Ramp raised $300M at a $5.8B valuation—down 28% from their last round, but with annualized payment volume rising to $16B. Using...

Sacra

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