Ramp vs Revolut: employee equity compared
Secondary market prices, valuation trajectory, equity structure, and liquidity outlook for employees choosing between Ramp and Revolut.
Ramp
Corporate cards and spend-intelligence platform.
IPO possible 2027–2029 once ARR milestones are hit. Secondary indication near primary round valuation. Strategic M&A also plausible in consolidating sector.
Recurring revenue model; ISO/NSO options; IPO likely once profitability demonstrated
Revolut
UK-headquartered neobank with 50M+ customers across 38 countries.
IPO possible 2026–2028 as scale builds. Secondary indication near primary round valuation. No confirmed timeline; tender offers may provide interim liquidity.
Recurring revenue model; ISO/NSO options; IPO likely once profitability demonstrated
Key differences for employees
Equity structure
Ramp grants ISO/NSO with strike prices ranging from $22–$40 depending on your grant year. Revolut grants ISO/NSO with strike prices from $70–$110.
Secondary market signal
Ramp has no recent verified secondary signal — only the primary round ($8.1B) is shown. Revolut trades at +67% vs its last round ($45B → $75B, source: Public Report). A higher secondary premium typically signals stronger investor demand and potentially better near-term liquidity for employees looking to sell.
Revenue and growth
Ramp runs at $0.4B ARR, growing +70% YoY (fast). Revolut runs at $3.1B ARR, growing +72% YoY (fast). Revenue growth rate matters for equity because it drives the peer-multiple valuation — the method most correlated with exit multiples.
Liquidity timeline
Ramp: IPO possible 2027–2029 once ARR milestones are hit. Secondary indication near primary round valuation. Strategic M&A also plausible in consolidating sector.
Revolut: IPO possible 2026–2028 as scale builds. Secondary indication near primary round valuation. No confirmed timeline; tender offers may provide interim liquidity.
Calculate your specific grant
Enter your actual shares, equity type, and strike price. PrivatePulse calculates your personal equity value using peer-multiple, secondary-market, time-decay, and sector-momentum methods.