Ramp, a leading US financial operations platform, has announced its acquisition of Billhop, a European B2B payments provider. This strategic move marks Ramp's official entry into the European market, with plans to open its first international offices in London and Stockholm. The acquisition combines Ramp's AI-powered spend management solutions with Billhop's established regional presence and regulatory licenses.
A Strategic European Expansion
The acquisition is a pivotal step in Ramp's global strategy, directly addressing the needs of its customers who transact internationally. With Billhop's licensed platform, Ramp significantly strengthens its ability to serve businesses across the United Kingdom and the European Union. The company will begin onboarding companies headquartered in the region starting this summer, expanding its services beyond its US base.
Eric Glyman, Ramp's co-founder and CEO, highlighted the value proposition for new clients, noting that the median customer saves 5% in their first year. He expressed enthusiasm for bringing these efficiencies to the extraordinary companies based in Europe. This expansion builds on Ramp's existing support for global operations, which already spans over 180 countries weekly.
Integrating Billhop's Expertise
Billhop brings a decade of experience in optimizing working capital and streamlining B2B payments for European enterprises. The Stockholm-based company has cultivated deep partnerships with over 30 international financial institutions, including major card networks and commercial banks. Its unique model enables businesses to pay invoices by card, even when suppliers do not traditionally accept them.
The company demonstrated impressive performance in 2025, with transaction volumes growing over 100% while its cost base was reduced by more than half. Niklas Bothén, CEO of Billhop, stated that joining Ramp allows the company to realize its vision on a much larger scale. This synergy will help businesses manage cross-border payments with greater speed, intelligence, and simplicity.
Economic Impact and Future Growth
Ramp's investment includes establishing a physical presence in London and Stockholm and a commitment to significant team growth. The company plans to more than double its UK-based team over the next twelve months, focusing on go-to-market, partnerships, and operations roles. This move has been welcomed as a positive indicator of the region's economic strength and appeal to global tech firms.
UK Chancellor of the Exchequer, Rachel Reeves, commented that Ramp's decision demonstrates the country's strength as a place for investment and scaling. She noted the new investment will support innovation, productivity, and the creation of high-value jobs. This expansion is expected to contribute significantly to the UK's long-term economic growth and its position in the global fintech landscape.
The shared vision between the two companies is rooted in a technology-first approach to solving complex financial challenges. Billhop's co-founders emphasized that Ramp's DNA aligns perfectly with their own, creating a foundation for accelerated innovation. Together, the combined entity aims to redefine B2B payments and financial operations for a global customer base.
This acquisition represents a significant milestone for both Ramp and the European fintech sector. By integrating Billhop's specialized payment infrastructure and market access, Ramp is poised to deliver its comprehensive financial operations platform to a new continent. The move signals a new era of competition and innovation, promising to provide European businesses with powerful new tools for managing spend and optimizing growth.