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Peter Thiel-backed fintech Ramp nearly doubles valuation to $13bn

Ramp is now valued at $13 billion after investors purchased $150 million in secondary shares from employees and early investors, marking a significant increase from its earlier valuation of $5.8 billion in 2023.
Ramp supports over 30,000 customers and has helped them save $2 billion and 20 million hours, according to Co-founder and CEO Eric Glyman.
Ramp now processes over $55 billion in annualized payment volume, up from $10 billion in January 2023, as stated by Eric Glyman, CEO of Ramp.
The valuation reflects renewed investor interest in high-growth startups, despite a challenging economic environment, according to market analysis.

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TechCrunch

Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday

19 hours ago·United States

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CNBC

Ramp secures $13 billion valuation in deal allowing employees, investors to sell shares

The deal is also the latest in a string of private companies letting employees cash out shares and lowering the pressure on themselves to go public.

22 hours ago·United States

Ramp Deepens Investor Bench, Valuation Grows to $13 Billion

/PRNewswire/ -- Ramp, the leading financial operations platform, announced that new and existing investors including Stripes, GIC, Avenir Growth, Thrive...

22 hours ago·United States

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Financial Times

Peter Thiel-backed fintech Ramp nearly doubles valuation to $13bn

US payments start-up completes share sale as business rebounds after period of low customer spending

1 day ago·London, United Kingdom

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PYMNTS.com

Ramp Valued at $13 Billion in Secondary Share Sale

Financial operations platform Ramp said in a Monday (March 3) press release that the company was valued at $13 billion when new and existing investors purchased Ramp secondaries from employees and investors. Ramp was valued at $7.6 billion in April when it wound down a $150 million Series D-2 funding round. The company said in its Monday press release that the annualized payment volume it powers across card transactions and bill payments rose fr…

17 hours ago

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FinSMEs

Ramp Announces $150M Secondary Investment; Increases Valuation to $13 Billion

Ramp, a NYC based financial operations platform, announced that new and existing investors including Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital have purchased $150m in Ramp secondaries from employees and early investors, most recently valuing the company at $13 billion. Founded in 2019 and led by Eric Glyman, […] The post Ramp Announces $150M Secondary Investm…

20 hours ago

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