Ramp’s Value Rises 36% in New Deal as Fintechs Rebound

After a bruising couple of years for cash-burning financial technology startups, valuations are starting to rise again.

Khosla Ventures and Founders Fund are co-leading a $150 million financing of Ramp, which offers credit cards and software for managing corporate expenses, at around a $7.65 billion valuation including the new capital, according to a person who spoke to Ramp executives about the deal. That number, which is up 36% from its valuation in a round last summer, reflects Ramp’s improved financial results as well as investors’ better outlook on some companies in the sector.