Here is your Forbes Daily Briefing for Saturday, August 10th.

Today on Forbes, this FinTech unicorn wants AI to manage your company's finances.

When Eric Gleiman debuted his FinTech startup, Ramp in February 2020,

he expected the usual challenges of starting a new business,

long hours, finding talent, marketing and unknown product.

What he didn't expect was for half of his New York City employees to fall mysteriously ill just a week after the company launched.

Over the next few weeks is the COVID-19 pandemic spurred global lockdowns and stalled economies,

Glyman found himself Hawking's take on corporate credit cards into a market where spending suddenly stopped.

It was an existential crisis and he was only a month into the job.

Glyman tells Forbes, quote, there was never anything like it. If you go back 100 years, as long as there were modern credit cards, you'd never seen an event where half of businesses were forced by law to shut down and revenues went to zero.

As companies around the world went into economic survival mode,

ramp doubled down on the principal Glyman argues set it apart from other corporate card companies,

to save customers money instead of enticing them to spend more.

It was a pitch that worked uniquely well during the pandemic.

Businesses were trying to cut costs amid uncertain times, helping Ramp find its niche.

Glyman says, quote,

It went from a really scary couple of weeks to maybe the reason why Ramp is where we are today.

Corporate thriftiness is such a core tenant of ramp's pitch

that its North Star metric is how much it reduces a customer's spend per year,

5% on average.

Board member Keith Raboy, a partner at Costal Ventures,

predicts another milestone on the horizon,

...