American Express vs Ramp: Founders, CEOs and History
American Express was founded in 1850 by Henry Wells, William Fargo, John Warren Butterfield and is led by Stephen Squeri. Ramp was founded in 2019 by Eric Glyman, Karim Atiyeh, Gene Lee and is led by Eric Glyman.
Company facts
American Express
- Founded
- 1850
- Headquarters
- New York, New York
- Current CEO
- Stephen Squeri
- Employees
- 76,800
Ramp
- Founded
- 2019
- Headquarters
- New York, New York, United States
- Current CEO
- Eric Glyman
- Employees
- 1,200
Founders
American Express
Henry Wells
The founding of American Express is a fascinating story of intense 19th-century corporate rivalry culminating in a monopolistic merger.
William Fargo
William Fargo co-founded American Express in 1850 alongside Henry Wells and John Butterfield, bringing operational discipline and route management expertise to the merger of competing express businesses.
John Warren Butterfield
John Warren Butterfield was one of the three founders of American Express in 1850 and served as a director, bringing the organizational resources, political connections and financial backing that made the merger viable.
Ramp
Eric Glyman
Eric Glyman is co-founder and CEO of Ramp. After selling Paribus to Capital One, he co-founded Ramp in 2019 and has led it from its 2020 launch to more than $1 billion in annualized revenue and a $44 billion valuation in 2026.
Karim Atiyeh
Karim Atiyeh is co-founder and CTO of Ramp, responsible for the engineering behind its card platform, transaction processing and automation software. He previously co-founded Paribus with Eric Glyman and worked at Capital One after its 2016 acquisition.
Gene Lee
Gene Lee co-founded Ramp in March 2019 and worked on its early product. Public detail on his current role is limited.
CEOs and their tenures
American Express
- Howard L. Clark Sr.1960–1977
President and Chief Executive Officer
Howard Clark became chief executive in 1960 and ran American Express until 1977. He inherited a charge card business that was losing money two years after launch and pushed it to profitability by repositioning it as a premium product, raising the merchant disc…
Source - James D. Robinson III1977–1993
Chairman and Chief Executive Officer
James Robinson III presided over American Express during a period of both genuine growth and serious strategic overreach.
Source - Harvey Golub1993–2001
Chairman and Chief Executive Officer
Harvey Golub inherited a company left unfocused and financially weaker by James Robinson III's financial conglomerate strategy.
Source - Kenneth Chenault2001–2018
Chairman and Chief Executive Officer
Kenneth Chenault led American Express for 17 years through two severe shocks: the September 11 attacks in 2001, which hit its lower Manhattan operations and its travel-dependent business weeks after he became chief executive, and the 2008 financial crisis, dur…
Source - Stephen J. Squeri2018–present
Chairman and Chief Executive Officer
Stephen Squeri took over from Kenneth Chenault in February 2018 and has run the most financially productive period in the company's history, with FY2025 total revenues net of interest expense of $72.2 billion and net income of $10.8 billion, both records.
Source
Ramp
- Eric Glyman2019–present
Co-Founder & Chief Executive Officer
Has led Ramp since founding, taking it past $1 billion in annualized revenue and to a $44 billion valuation by June 2026.
Source - Karim Atiyeh2019–present
Co-Founder & Chief Technology Officer
Leads engineering for Ramp's card, payments and automation platform.
Source
Timeline: American Express and Ramp side by side
1850American Express
American Express founded in Buffalo, New York
Henry Wells, William Fargo and John Butterfield merged three competing express businesses on March 18, 1850 to form the American Express Company, an unincorporated joint-stock association capitalized at 150,000 dollars.
1882American Express
Money order launched
American Express introduced its own money order, competing directly with the postal money order the United States Post Office had offered since 1864.
1891American Express
Traveler's cheque invented
Marcellus Berry created the American Express Traveler's Cheque after president J.C. Fargo struggled to cash letters of credit on a European trip in 1890.
1917American Express
Federal control of the express industry
Federal control of the railroads began in December 1917, and in 1918 the domestic express operations of American Express and its rivals were consolidated into the American Railway Express Company.
1958American Express
First American Express charge card
American Express issued its first charge card on October 1, 1958, printed on paper with a 6 dollar annual fee, after signing up more than 250,000 card members before launch.
1966American Express
Gold Card introduced
American Express launched the Gold Card in 1966 for higher-spending executives and frequent travelers, the first tier above the standard card and the start of the graded premium lineup that later added the Platinum Card and the Centurion Card.
1984American Express
Platinum Card launched during the financial supermarket build-out
American Express introduced The Platinum Card by invitation in 1984 with a 250 dollar annual fee, creating the ultra-premium card category.
1993American Express
Harvey Golub refocuses the company
Harvey Golub became chief executive in 1993 and unwound the conglomerate: the Shearson brokerage went to Primerica's Smith Barney and The Boston Company to Mellon Bank in 1993, and Lehman Brothers was spun off in 1994.
1999American Express
Centurion Card launched
American Express created the Centurion Card in 1999, an invitation-only metal card that became the top tier of its lineup. The company has never published its fee schedule, and the product functions mainly as a positioning device for the cards below it.
2001American Express
Kenneth Chenault becomes chief executive
Kenneth Chenault became chief executive in January 2001, weeks before the September 11 attacks damaged the company's lower Manhattan operations and cut travel spending sharply.
2008American Express
Conversion to a bank holding company
On November 10, 2008 the Federal Reserve Board approved applications by American Express Company and American Express Travel Related Services to become bank holding companies, on conversion of American Express Centurion Bank from an industrial loan company int…
2016American Express
Costco co-brand ends
Costco moved its United States co-branded card to Citigroup and Visa on June 20, 2016, ending a 16-year exclusive relationship after the two sides failed to agree terms, and stopped accepting American Express cards in its warehouses.
2018American Express
Stephen Squeri becomes chairman and chief executive
Stephen Squeri succeeded Kenneth Chenault in February 2018 after more than three decades inside the company, including spells as chief information officer and group president of Global Corporate Services.
2019Ramp
Ramp founded in New York
Eric Glyman, Karim Atiyeh and Gene Lee founded Ramp in March 2019.
2020American Express
Pandemic hits travel and entertainment spending
COVID-19 restrictions cut the travel and entertainment spending American Express depends on, and total revenues net of interest expense fell from 43.6 billion dollars in 2019 to 36.1 billion dollars in 2020, with net income down to 3.1 billion dollars.
2020Ramp
Public launch and Series A
Ramp launched in February 2020 and raised about $15 million in a Series A led by Founders Fund.
2021Ramp
Unicorn and $3.9B valuation
A $115 million Series B in April 2021 valued Ramp at $1.6 billion; a $300 million Series C in August valued it at about $3.9 billion.
2022Ramp
$100M annualized revenue, $8.1B valuation
Ramp reached $100 million in annualized revenue by early 2022 and was valued at $8.1 billion.
2023Ramp
Series D at $5.8B and procurement launch
Raised $300 million at a $5.8 billion valuation in August 2023 and expanded into procurement.
2024American Express
Tock acquisition widens the dining platform
American Express agreed in June 2024 to buy Tock, a reservation, table and event management platform, from Squarespace for 400 million dollars in cash, pairing it with Resy, which it had bought in 2019.
2024Ramp
$7.65B valuation, ~$300M revenue run rate
Raised $150 million co-led by Khosla Ventures and Founders Fund at $7.65 billion; annualized revenue reached about $300 million.
2025American Express
Platinum refresh and record FY2025 results
American Express unveiled refreshed United States Consumer and Business Platinum Cards on September 18, 2025, raising the annual fee from 695 dollars to 895 dollars and adding statement credits it values at over 3,500 dollars a year.
2025Ramp
$1B annualized revenue and $32B valuation
Valued at $13B (March), $16B (June), $22.5B (July) and $32B (November, Lightspeed-led); passed $1 billion in annualized revenue.
2026Ramp
$750M Series F at $44B
Raised $750 million in June 2026 led by ICONIQ Growth, GIC and Ontario Teachers'; reported in September to be in talks at about $60 billion.
Acquisitions
American Express
- Center2025Undisclosed
- Tock2024$400M
- Kabbage2020Undisclosed
- Resy2019Undisclosed
- Loyalty Partner2011$660M
- Thomas Cook corporate travel and United States travel offices1994$375M
Questions about American Express vs Ramp
Who is the CEO of American Express Company and Ramp Business Corporation?
American Express Company is led by Stephen Squeri and Ramp Business Corporation is led by Eric Glyman. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was American Express Company founded vs Ramp Business Corporation?
American Express Company was founded in 1850 — 169 years before Ramp Business Corporation, which was founded in 2019. American Express Company's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Ramp Business Corporation.
How many employees does American Express Company have compared to Ramp Business Corporation?
American Express Company employs approximately 76,800 people, while Ramp Business Corporation employs approximately 1,200. American Express Company has the larger workforce at 76,800 employees, compared to Ramp Business Corporation's 1,200. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are American Express Company and Ramp Business Corporation headquartered?
Both American Express Company and Ramp Business Corporation are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded American Express Company and Ramp Business Corporation?
American Express Company was founded by Henry Wells, William Fargo, John Warren Butterfield. Ramp Business Corporation was founded by Eric Glyman, Karim Atiyeh, Gene Lee.
Which company has a longer operating history — American Express Company or Ramp Business Corporation?
American Express Company has been operating for approximately 176 years, making it the more established of the two companies. Ramp Business Corporation has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the American Express vs Ramp overview