Reported about 7 hours ago
Corporate payments fintech startup Ramp has reached a valuation of $13 billion after a recent cash-out deal that allowed investors and some employees to sell shares. The five-year-old company, which provides corporate cards and expense management software, sold $150 million worth of secondary shares to notable investors, including Singapore's GIC and Thrive Capital. This move reflects a growing interest in high-growth startups, although it may also postpone potential IPOs, as seen with other companies like Stripe.
Source: YAHOO