Corporate-card startup Ramp just nabbed Uber's global payments partnerships lead, joining a staff that includes former Stripe, Goldman execs
- Rohit Sabnis, Uber’s global payments partnerships lead, is leaving the ride-sharing giant for Ramp.
- The corporate-payments fintech raised $150 million in debt financing from Goldman Sachs in February.
- Sabnis arrives at Ramp on the heels of Colin Kennedy, Stripe’s former global head of partnerships.
- See more stories on Insider’s business page.
Corporate-card startup Ramp is rapidly building out its executive team as the fintech looks to compete in the world of how businesses pay and manage expenses. A slate of new hires, arriving from the likes of Stripe and Goldman Sachs’ Marcus, have joined Ramp in recent months.
On Monday, Rohit Sabnis, Uber’s global payments partnerships lead, announced on his LinkedIn that he was leaving the ride-sharing app to join Ramp. Sabnis will be working on strategic partnerships at the New York-based fintech, according to his updated Twitter bio.
Sabnis spent five years Uber, most recently running its global processor, wallet and risk partnerships, according to his LinkedIn. He’s previously worked on the ride-sharing giant’s global community operations team overseeing customer strategy projects.
A Ramp spokesperson did not immediately return a request for comment. Sabnis did not immediately return a request for comment.
“Uber has helped me grow personally and professionally in ways I never imagined. It is also the place where I discovered my passion for Fintech and Payments and I’ll be continuing on this path beyond Uber,” Sabnis wrote on LinkedIn.
Sabnis’ hiring comes on the heels of Colin Kennedy, formerly global head of partnerships at $95 billion Stripe, joining Ramp as the startup’s chief business officer this March, as first reported by Fortune. Before joining Stripe in 2019, Kennedy had been a managing director at Goldman Sachs and the chief revenue and chief operating officer at Marcus, where he also oversaw strategic partnerships.
In February, meanwhile, Ramp closed a $150 million debt deal with Goldman Sachs that was brokered by Srinath Srinivasan, Ramp’s head of risk and another Marcus alum who had joined the company in November 2020.
Srinivasan had helped launch Marcus’ Apple Card partnership and was one of the early team members of Goldman’s consumer business, a division that has seen its own share of turnover in recent months. Ramp’s debt financing was preceded by $55 million of equity capital that the startup has raised since publicly launching in February 2020. Ramp investors include Founders Fund and Coatue.
While Ramp is growing fast, it’s operating in a crowded space. Between incumbents like Amex, JPMorgan, and Capital One, as well as fintechs like Brex, there’s plenty of competition to serve the expense-management needs of businesses, both big and small.
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