Ramp puts the advice of history’s greatest entrepreneurs on autopilot In a significant milestone for the fintech industry, corporate payments startup ramp has nearly doubled its valuation to $13 billion following a secondary share sale worth $150 million. This achievement cements the company’s position as a key player in the corporate finance sector.
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Ramp’s valuation trajectory has followed a steep climb, supported by several funding rounds.
Ramp, the financial operations platform that provides corporate cards and expense management software, has secured a new valuation of us$13bn after investors purchased us$150m in secondary shares from employees and early backers.
The round was led by founders fund, peter thiel’s venture firm, which has now backed ramp five times. Ramp, a corporate card and expense management fintech, successfully raised $300 million in a new funding round led by founders fund, reflecting a strategic down valuation from $8.1 billion to $5.8 billion The newly acquired funds are set aside for product development and team expansion.
