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RAMP, which pays the payments of companies supported by Peter Thil and Thrive Capital, has doubled its evaluation to approximately $ 13 billion, with financial technology companies recovering from a painful period of low spending and economic uncertainty.

The five -year -old company obtained the new evaluation as part of the sale of stocks as investors including the Singaporean sovereign wealth fund, the American Special Park Manuscript and Adventure capitalists, including Josh Kushins, KHOSLA Ventures, and General Catalyst, which are valued at $ 150 million of employee shares.

The value of the New York -based slope, which manages expenses, corporate and corporate automation cards, reached the last $ 7.6 billion in April last year. The company has already received the support of some of the most prominent Silicon Valley investors, including Sequoia Capital and Thiel Founders Fund.

The leap in the evaluation is placed to $ 13 billion, which is rampant between American startups, the most valuable outside a handful of artificial intelligence companies such as Openai.

Rapid growth is followed by an increase in spending on card transactions and billing payments. But Eric Gliman, co -founder of the president and CEO of Ramib, confirmed that he benefited from the use of artificial intelligence throughout the company.

He said, “The slope cannot be used without using artificial intelligence,” adding that technology has quickly moved from simple Chatbots to being “very integrated in every part of the work: the expenses that do itself, the books that do itself, and the money that finds the highest return.”

“We live in a world where computers, thinking and mind can speak [and] Financing is really related to thinking: Ensure that Malik’s head has a greater value every month.

RAMP rated $ 8.1 billion in 2022, but decreased to $ 5.8 billion a year after high interest rates reached Fintech Companies like Stripe and Klarna.

“It is clear that Fintech passed the fluctuation given the wild swing in prices and spending through companies and consumers,” said Karim Zaki, a partner in Thrive Capital, who led the company’s investments to the slope.

“The companies that took over the participation before the recession continued to take participation, but the spending of customers has decreased. Now the market has turned, they are accelerating.”

According to a person with knowledge of the company’s money, the annual RAMP revenues-a scale that is often used by fast-growing startups that double the current month’s revenues by 12-are $ 700 million. This number rises from $ 300 million in August 2023.

The company processes $ 55 billion of payments on an annual basis, compared to 10 billion dollars at the beginning of 2023. RAMP is to become a platform to provide company customers with a set of services, instead of one product, according to Glyman.

The company aims to become a platform for corporate clients, and has varied further than payments in booking purchases and travel.

Zaki said that this reminded us of another company in the Thrive, Stripe, the most prominent Fintech company in Silicon Valley, which last week announced its evaluation last week It grew to 90 billion dollars As part of the sale of the employee’s shares.

The largest startup in the United States is increasingly looking to use regular secondary stock sales to enable employees, as companies remain especially for a longer period.

Gliman said that the sale of RAMP shares were arranged so that the first employees can launch some of their shares at work in order to “send a child through the school or offer a payment in the house.” He added that the company does not have immediate plans to launch a general offer.