Ramp targets AI’s fastest-growing cost: spend that’s hard to track

Ramp, the $32B fintech company, is launching a product to give finance teams visibility into AI token-level spending. The platform integrates directly with providers like OpenAI and Anthropic, as well as model gateways like OpenRouter, to track token consumption by team, project, model, and user. Ramp's internal data shows average monthly token spend has grown 13x since January 2025, with heavy users seeing 50%+ cost jumps per quarter. The product goes beyond raw usage metrics by attaching financial context — classifying spend as COGS or OpEx, reconciling invoices, and enabling budget controls at the team or project level. The goal is to bridge the gap between engineering usage data and finance team accountability.