Ramp, a financial operations platform serving over 50,000 businesses globally, has acquired Billhop, a Stockholm- and London-based B2B payments platform, as part of its push to extend services to UK and European customers.
The acquisition brings Billhop’s licensed payments infrastructure — holding licences in both the UK and Sweden — into the Ramp ecosystem, enabling the company to directly onboard businesses headquartered in the UK and EU for the first time. Ramp will also open its first international offices in London and Stockholm as part of the deal.
Ramp already counts thousands of US businesses among its customers that manage spend and payments across Europe. The company currently supports international operations across more than 180 countries each week, with local currency cards and payments available in Canada, Australia, Japan, Mexico, and Singapore. The Billhop acquisition is intended to deepen that regional capability rather than establish it from scratch.
Beginning this summer, UK- and EU-headquartered businesses will be able to use Ramp directly, with a waitlist now open.
The company has also announced plans to grow its European team across go-to-market, partnerships, and operations, with the UK headcount set to more than double within the next 12 months.
Ramp is a financial operations platform founded in 2019 that combines corporate cards, payments, vendor management, procurement, travel booking, and automated bookkeeping.
The company reports that its median customer saves 5% and grows revenue by 16% in their first year. Ramp powers over $100bn in purchases annually and says its customers have collectively saved more than $10bn and 27.5 million hours to date.
Ramp co-founder and CEO Eric Glyman said, “We’ve spent years building Ramp into something the most ambitious US companies rely on. This summer, for the first time, companies headquartered in the UK and EU will be able to use Ramp directly,” said Eric Glyman, co-founder and CEO of Ramp. “In their first year, the median Ramp customer saves 5% and grows revenue 16%. Europe is home to extraordinary companies. We can’t wait to get to work.”
Billhop CEO Niklas Bothén said, “Our mission at Billhop has always been to remove friction from B2B payments and make it easier for businesses to manage their spend,” said Niklas Bothén, CEO of Billhop. “Joining Ramp allows us to realise that vision at a much larger scale. Together, we can help companies move money across countries and currencies faster, more intelligently, and with less complexity.”
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