Ramp's Investors Hit Back at Airwallex After a Partnership Fell Apart

A planned partnership between two well-known fintech companies, Ramp and Airwallex, collapsed, and Ramp's investors reportedly reacted strongly, according to The Information. The story centers on April 2025, when Ramp co-founder and co-CEO Eric Glyman learned the deal was falling apart.

What we know

Ramp is a highly valued startup that sells company credit cards and software that tracks employee spending. Airwallex is a fast-growing payments company founded in Melbourne, Australia. Glyman had been hoping the two could strike a partnership. In April 2025, he got word that it would not happen.

The Information's headline says Ramp's investors went nuclear against Airwallex after the deal failed. That wording points to an aggressive response. The material available here does not spell out what the investors did.

Who it affects

Mostly, this is a story about two companies and the people who back them. Still, many businesses use a card or payments company to pay bills, manage staff spending or send money abroad. When large players in that space fight, it can shape which tools work together and which do not.

What is not known yet

• What the planned partnership would have covered
• Why the deal fell apart
• What actions Ramp's investors took
• Whether any Ramp or Airwallex customers will see changes

What to do

Nothing urgent. If your business relies on Ramp or Airwallex, there is no sign in this material of any change to your service. It is still reasonable to watch for updates from either company.