Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the company’s internal

Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, was valued at $13 billion in a tender offer round that lets some employees and investors cash out, signaling renewed investor appetite in high-growth startups.

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday