Ramp Bets Bigger on AI With New Co-CEO Structure

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Ramp Makes Its CTO Co-CEO as AI Takes Center Stage

Ramp is making a leadership move that reflects where it believes the future of fintech is headed. The corporate spend management startup has promoted co-founder and former Chief Technology Officer Karim Atiyeh to the role of Co-CEO, where he will lead the company alongside fellow co-founder Eric Glyman.

The announcement may sound significant on paper, but according to the founders, it simply formalizes a partnership that has existed since day one.

"If you know us, this won't feel like a change," Glyman shared in a company blog post, emphasizing that both founders have long shared responsibility for major decisions across the business.

Atiyeh echoed the sentiment on LinkedIn, writing, "Eric and I have worked as a team for the past 12 years. This only makes it formal."

The duo's journey together stretches back to 2014, when they founded Paribus, a consumer app that automatically secured price adjustment refunds for shoppers. After Capital One acquired the startup in 2016, the pair launched Ramp in 2019. Since then, the company has grown into one of fintech's fastest-rising businesses, helping organizations manage corporate spending through automation and intelligent financial software.

AI Is Driving the Organizational Shift

While leadership announcements often revolve around succession planning, Ramp's latest move is rooted in something much bigger: artificial intelligence.

The company believes technology is no longer just one department within the organization. Instead, it has become the foundation for every strategic decision.

As Glyman explained, technology increasingly shapes how companies make decisions, build products, and execute strategy. Elevating the company's technology leader to Co-CEO is meant to reflect that new reality rather than simply create another executive title.

Atiyeh reinforced this idea, noting that strategy and systems design are becoming inseparable. Building a company capable of evolving alongside rapidly advancing AI models requires technology leadership at the highest level.

The timing also aligns with Ramp's broader AI ambitions.

Glyman described the leadership restructure as preparation for what he sees as an "AI exponential," arguing that every part of Ramp must be positioned to capitalize on continuous improvements in AI capabilities. The goal is to ensure that every breakthrough in model intelligence automatically translates into better products, faster execution, and stronger customer experiences without requiring the company to constantly reinvent itself.

He also acknowledged the competitive stakes. Companies that fail to organize around AI, he suggested, risk being overtaken by startups that do.

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New CTO Steps In

With Atiyeh moving into the Co-CEO role, Ramp has promoted Rahul Sengottuvelu to Chief Technology Officer.

The appointment represents a natural progression rather than a stretch assignment.

Before joining Ramp, Sengottuvelu co-founded Cohere, where he served as CTO. Ramp acquired the startup in 2023, bringing both its technology and leadership into the company.

Both founders praised his technical vision.

Atiyeh described Sengottuvelu as someone who consistently identifies the right technology bets long before the broader industry catches on. Glyman highlighted his early work building customer service agents using GPT-3 before large language models entered the mainstream conversation, noting that he has repeatedly anticipated major shifts in AI ahead of the market.

Ramp has also strengthened its engineering organization by appointing Hamid Dadkhah as Head of Engineering. According to Atiyeh, the combination of Sengottuvelu and Dadkhah is expected to accelerate product development significantly, reducing timelines that once took a year to just weeks.

Riding Strong Momentum

The leadership changes come during a milestone period for Ramp.

Earlier this month, the company announced a $750 million funding round that pushed its valuation to an impressive $44 billion, further cementing its position among the world's most valuable private fintech companies.

At the same time, Ramp has been expanding aggressively into AI-powered financial operations.

In April, the company introduced a platform designed to help businesses gain greater visibility into their AI-related software spending. More recently, it unveiled Stack, an AI operating system built for accounting firms that streamlines client onboarding and automates bookkeeping workflows.

Taken together, these product launches and leadership changes paint a clear picture of Ramp's strategy. The company is not simply adding AI features to existing products. It is restructuring its organization around the belief that AI will fundamentally shape how financial software is built, operated, and scaled.

As fintech companies race to define the next generation of enterprise software, Ramp is making its position clear: technology leadership is business leadership, and AI is at the center of both.