Ramp Secures European Foothold With Strategic Acquisition of Billhop

Ramp is entering the European market through its acquisition of Billhop, using the Swedish fintech’s regulatory licenses to fast-track expansion across the UK and EEA.

The competitive landscape for corporate spend management is undergoing a significant geographic shift as Ramp, the New York-based financial operations platform valued at $ 32 billion, announces the acquisition of Billhop. This strategic move marks the official entry of the fintech giant into the European market, providing the regulatory infrastructure necessary to serve businesses headquartered in the United Kingdom and the European Economic Area (EEA). By absorbing the Stockholm-based paytech’s licensed infrastructure, the company is bypassing the lengthy process of applying for independent licenses and moving directly into operations.

Founded in 2012, Billhop has carved out a unique niche in the payments sector by enabling businesses to pay virtually any invoice with a credit card, even when the supplier does not traditionally accept card payments. This capability is highly valued by firms looking to optimise their working capital and extend payment cycles without disrupting vendor relationships. The firm holds a Swedish Payment Institution license from Finansinspektionen and is separately authorised by the Financial Conduct Authority in the UK. These credentials provide the firm with essential “passporting” rights, allowing it to process payments across the continent’s diverse jurisdictions.

Eric Glyman, the co-founder and CEO of Ramp, framed the expansion as a natural progression for a company that already powers over $ 100 billion in annualised purchase volume. He noted that while thousands of US-based clients already use the platform for international transactions, the summer of 2026 will mark the first time that European-headquartered companies can onboard directly as primary customers. Early data from the firm suggest that the median customer achieves a 5 per cent savings in their first year, a value proposition that the leadership team is eager to introduce to the extraordinary companies across the Atlantic.

The acquisition arrives at a transformative moment for the industry, coming just weeks after Capital One acquired the long-time rival Brex. As its competitors navigate the complexities of integration into traditional banking structures, the firm is doubling down on its independent, tech-first growth strategy. To support this rollout, the company plans to open its first international offices in London and Stockholm. The recruitment strategy is equally aggressive, with plans to more than double the size of the UK-based team over the next twelve months across functions such as go-to-market, partnerships, and operations.

The UK Chancellor of the Exchequer, Rachel Reeves, has publicly welcomed the investment, highlighting the strength of the British economy as a hub for fast-growing global businesses. She explained that the firm’s decision to scale its operations in London will support innovation, productivity, and the creation of high-value jobs. This government endorsement underscores the economic significance of the deal, which positions the New York firm to challenge domestic incumbents by offering a unified suite of corporate cards, expense management, procurement, and automated bookkeeping.

Niklas Bothén, the CEO of Billhop, will join the larger organisation to help realise the vision of frictionless B2B payments at a global scale. He emphasised that the synergy between the two platforms will help companies move money across countries and currencies faster and with significantly less complexity. As businesses in the UK and EU begin to join the waitlist for the summer launch, the entry of this major US player is expected to accelerate the modernisation of financial operations across Europe.