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

Quick Summary:

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

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.

With the addition of its Treasury product, Ramp will also earn a spread from its bank partners on aggregate balances across all funds held in a customer’s business account.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United StatesNetherlands

Topics: Ramp Eric Glyman Startups Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 17:02:43 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 742 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26634251

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