Ramp, the leading financial operations platform, today announced the acquisition of Billhop, a Stockholm- and London-based payments platform licensed in the UK and Sweden. The acquisition strengthens Ramp’s regional expertise, deepening the company’s support for customers operating in the UK and Europe. Additionally, Ramp will open its first international offices in London and Stockholm.
Nearly half of Ramp customers transact internationally across more than 180 countries every week. Ramp supports those global operations with worldwide payment capabilities as well as local currency cards and payments in Canada, Australia, Japan, Mexico, and Singapore. With Billhop’s licensed platform and regional presence, Ramp is strengthening its ability to support businesses across the UK and EU.
“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.”
“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.”
Thousands of US businesses already use Ramp to manage spend and payments across Europe. Beginning this summer, Ramp will onboard businesses headquartered in the UK and EU directly.
“At ElevenLabs, we operate in lean, high-ownership teams where the best idea wins and speed of execution matters,” said Maciej Mylik, Finance and RevOps Lead. “To sustain that, we need systems that eliminate overhead rather than create it – and Ramp has become one of those systems. Seeing them expand their capabilities in Europe is exciting; it means the infrastructure that helps us move fast is growing right alongside us.”
Ramp will be actively building its European team across go-to-market, partnerships, and operations in the coming months, with plans to more than double the UK team over the next 12 months.
“We have the right economic plan, and Ramp’s decision demonstrates our country’s strength as a place for fast growing global businesses to invest and scale,” said UK Chancellor of the Exchequer, Rachel Reeves. “Their new investment will support innovation, productivity and high value job creation, contributing to the UK’s long term economic growth.”
