Ramp Expands into Europe via Billhop Acquisition

Ramp, a financial operations platform, has acquired Billhop, a European payments infrastructure company, marking the platform’s official expansion into the UK and EU markets. The acquisition enables companies headquartered in the UK and EU to access Ramp‘s suite of financial tools directly for the first time. Ramp plans to more than double its UK headcount within the next 12 months across go-to-market, partnerships, and operations functions.

The deal grants Ramp immediate access to Billhop‘s European infrastructure and customer base, enabling cross-border payment capabilities across multiple currencies.Ramp co-founder and CEO Eric Glyman stated, 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. Billhop CEO Niklas Bothén added, 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 intelligably, and with less complexity.

Ramp, founded in 2019, operates an integrated financial platform combining corporate cards, payments, vendor management, procurement, travel booking, and automated bookkeeping. According to the company, its median customer saves 5% on spending and grows revenue by 16% within their first year. Ramp powers over $100 billion in annual purchases and reports that customers have collectively saved more than $10 billion and 27.5 million hours to date.

The Billhop acquisition directly addresses European demand for streamlined cross-border payment solutions. Billhop‘s existing infrastructure and regulatory compliance capabilities provide Ramp with established market entry and operational foundations in the region.

Ramp will integrate Billhop‘s technology and team into its platform while expanding European operations. The company plans to hire additional staff in the UK across product, go-to-market, and partnership teams over the next 12 months, signaling sustained investment in the region beyond the acquisition announcement..

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