US-based fintech company Ramp has achieved a new valuation of 13 billion following a share sale worth 150 million to early investors and employees.
The deal included both existing and new investors, such as Stripes, Singapore’s sovereign wealth fund GIC, and Thrive Capital.
Founded in 2019 by Karim Atiyeh, Eric Glyman, and Gene Lee, Ramp specializes in corporate payments and expense management.
This new valuation marks a significant leap from its previous valuation of $7.65 billion in April 2024, reflecting strong growth and investor confidence in its business model.
