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.

The five-year-old company hit the new valuation as part of a share sale in which investors including Singaporean sovereign wealth fund GIC, US private equity group Stripes and venture capitalists including Josh Kushner’s Thrive,