Corporate payments fintech startup Ramp valued at $13 billion after share sale deal

The five-year-old startup hit the new valuation as it sold $150 million worth of its secondaries to investors including Singaporean wealth fund GIC, Thrive Capital, Khosla Ventures and General Catalyst, Ramp said in a statement on Monday. Ramp joins other startups in allowing employees to cash out their shares, a move that could delay the companies' IPO plans.