Ramp, a New York-based fintech startup backed by Peter Thiel, has nearly doubled its valuation to $13 billion through a $150 million secondary share sale. The company, which specializes in corporate payments, saw its valuation rise from $7.65 billion in April 2024. Ramp now serves over 30,000 customers and has saved them $2 billion and 20 million hours. The share sale was facilitated by investors including GIC, Stripes, Thrive, and others, allowing employees and early investors to sell their shares. This move reflects a rebound in investor interest in high-growth startups amidst a challenging economic environment. Ramp's CEO, Eric Glyman, emphasized the company's focus on efficiency and its use of AI-powered solutions to enhance business operations.