💨 Abstract

Fintech startup Ramp, which provides corporate cards and expense management software, achieved a $13 billion valuation through a secondary sale to investors. The five-year-old company serves over 30,000 customers and has seen a significant increase in annualized payment volume. This deal, along with Stripe's recent tender offer, signals renewed investor interest in high-growth startups.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖