Ramp, a financial operations platform that assists businesses with spending and payments, has acquired Billhop, a payments firm based in Stockholm and London with authority to operate in the UK and Sweden. Probably, this move expands Ramps presence across Europe. It strengthens its support for customers in the UK and other European areas. Ramp will open its first international offices in London and Stockholm as part of this growth. Hard to ignore is how this step could shift market dynamics. Arguably, it improves scalability for existing clients.
It seems hard to ignore how many of Ramps customers already operate internationally, with almost half conducting transactions in over 180 countries weekly. The move adds practical support for those who do business overseas. The platform currently enables global financial operations through international payment capabilities and local currency cards and payment options in countries including Canada, Australia, Japan, Mexico, and Singapore. By integrating Billhop’s licensed infrastructure and local expertise, Ramp aims to further strengthen its ability to support businesses operating throughout the UK and European Union.
“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’s technology and payments capabilities are expected to play a key role in supporting Ramp’s broader international strategy. The combined platform can offer more localized financial tools and simplify cross-border payment processes for firms using several currencies and regions.
“Our goal at Billhop has consistently been to cut down hurdles in business-to-business payments and help companies control spending better,” said Niklas Bothn, CEO of Billhop. “More or less, joining Ramp helps us bring that vision to a broader audience.”
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It probably improves efficiency by reducing delays in transactions. This shift allows faster access to funds across international operations. Over 150 companies now use the new system to manage payments daily. Together, we can help companies move money across countries and currencies faster, more intelligently, and with less complexity.”
Many US-based organizations already rely on Ramp to manage financial operations and payments throughout Europe. Starting this summer, the company will begin onboarding businesses headquartered in the UK and EU directly, expanding access to its financial operations platform for companies in the region.
“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.”
To support its growing presence in Europe, Ramp plans to significantly expand its regional workforce in the months ahead. The company will recruit across go-to-market, partnerships, and operational roles, with a goal of more than doubling the size of its UK team within the next year.
“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.”
The acquisition reflects Ramp’s continued focus on expanding its global financial operations platform while supporting businesses that operate across borders and currencies. By combining Billhop’s regional infrastructure with Ramp’s technology and automation capabilities, the company aims to simplify international payments and financial management for organizations scaling globally.
