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Summary

Ramp has made significant strides in its valuation, reaching $13 billion after a recent secondary share sale. This move is largely driven by new and existing investors who have poured $150 million into the company.

The involvement of prominent backers such as Stripes, Khosla Ventures, and General Catalyst highlights the confidence they have in Ramp's potential.The implications of this development are multifaceted. On one hand, it showcases the appeal of Ramp's innovative approach to expense management, garnering significant attention from investors.

On the other hand, it raises questions about the sustainability of this growth trajectory and whether it can be sustained in a competitive market.As the expense management industry continues to evolve, it will be crucial to monitor Ramp's progress and its impact on the broader market. The involvement of high-profile backers may not necessarily guarantee success, but it certainly underscores the potential for disruption and innovation in the space.