Ramp has officially launched its corporate finance platform in the United Kingdom, the company announced on September 15, 2026, marking its first major expansion outside North America after a July entry into Canada. The New York-headquartered fintech brings its spend management system to British businesses with regulated payments capability already in place. More than 70,000 companies use Ramp worldwide to manage corporate cards, expenses, bill payments, procurement, travel, and treasury on a single platform.
Regulated Payments and Local Foundation
Ramp's UK entry is supported by its acquisition of Billhop, a payments platform based in Stockholm and London that was completed in March 2026. That deal gave Ramp regulatory payments authorisation in both the United Kingdom and the European Union. The company now operates growing offices in London and Stockholm and has European customers live following a beta phase.
Strong Valuation and North American Momentum
The UK launch follows a period of rapid growth and substantial financial backing for Ramp. In June 2026, the company raised 750 million dollars at a valuation of 44 billion dollars, nearly tripling its valuation within a year. It launched in Canada in July and introduced new products including Ramp Stack, stablecoin payments, token spend management, and Router for reducing inference costs.
AI Token Spend Intelligence
Ramp is positioning its platform around a new category of spend driven by artificial intelligence. AI spending has grown roughly 21 times across Ramp customers since June 2025, while the heaviest AI spenders see costs climb 50 percent or more roughly every quarter. Token spend is usage based, can swing day to day, and is scattered across providers, models, teams, projects, and API keys, making it difficult for finance teams to see what is actually happening.
Addressing Blind AI Spending
Jacob Wallenberg, Vice President of International Expansion, said the issue is not that companies are spending too much on artificial intelligence but that they are spending blindly. Ramp's token spend intelligence tools break costs down by model and team, separate cost of goods sold from operating expenditure, and flag anomalies and savings opportunities automatically. The platform aims to give finance departments clearer visibility into a volatile and fast-growing line item.
Customer Adoption and Visa Partnership
Ramp has been onboarding UK customers since the summer, with London-headquartered Attio and AI voice platform ElevenLabs among the early adopters. ElevenLabs runs bill pay, corporate cards, and AI token spend management on Ramp and reports saving roughly 24 hours a month for its three person finance team. Ramp is also working with Visa to support its corporate card offering for UK businesses, combining its spend management platform with Visa's global payments network.
Competitive Landscape and Growth Strategy
Ramp enters a competitive European market that includes Spendesk, Payhawk, and Pleo, as well as the United States expense management firm Brex, which is also expanding in the UK. Ramp initially targeted startups but now serves a diverse range of clients, including Shopify, Virgin Voyages, Visa, Uber, Spotify, Anduril, and Figma. The company reports that the median customer saves 5 percent on expenses and grows revenue 16 percent in the first year on the platform.
Ramp's official UK launch represents a significant milestone in its international expansion and brings a regulated, AI-enabled finance platform to one of Europe's largest markets. With local payments infrastructure, a growing London team, and early customer traction, the company is well positioned to challenge established spend management providers. Its focus on token spend intelligence and its partnership with Visa may appeal to British finance teams seeking greater control, automation, and efficiency.