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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
It’s a massive bump in valuation for fintech startup Ramp, which was valued at $7.65 billion last April when it raised $150 million in a Series D extension co-led by Khosla Ventures and Founders Fund. Brex in February was reported to be expecting its annual net revenue to reach $500 million in 2025, according to a person familiar with the company’s operations as cited by Bloomberg and The Information. It also earns SaaS revenue from customers who upgrade to its Plus offering, through foreign exchange from international money movement, affiliate fees when flights or hotels are booked through its travel product, among other things.
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