Spend management platform Ramp raised $1.85 billion at a $60 billion valuation — which Bloomberg News reported Oct. 9 (cited by PYMNTS Oct. 11) does not include the new capital, implying a $61.85 billion post-money valuation — marking a follow-on round after its $750 million Series F in June at a $44 billion valuation. The report, citing sources familiar with the matter, did not name participating investors. No business metrics such as clients, revenue, pipeline or employee count, and no planned use of funds or expansion plans were disclosed, and PYMNTS noted it had contacted Ramp for comment without receiving a reply.