Ramp Acquires Stockholm Fintech Billhop to Expand into Europe

The $32 billion US spend management platform gains EU and UK payment licenses to launch corporate cards and finance tools this summer.

Mar. 13, 2026 at 3:19pm

Got story updates? Submit your updates here. ›

Ramp, the New York-based financial operations platform valued at $32 billion, has announced the acquisition of Billhop, a Stockholm and London-based payments firm licensed to operate across the European Economic Area and the UK. The deal gives Ramp the regulatory infrastructure it needs to onboard European and British businesses directly, which it plans to begin doing this summer. The acquisition of Billhop is primarily a licensing and infrastructure play, as Billhop holds payment licenses that will allow Ramp to process payments across the EEA and UK.

Why it matters

The acquisition comes as Ramp's long-time US rival Brex is being acquired by Capital One, leaving Ramp as the dominant independent spend management platform in the US market. The move into Europe also comes at a time when corporate card penetration is lower in Europe compared to the US, and B2B payment infrastructure is more fragmented across national markets, presenting an opportunity for Ramp to leverage Billhop's model to bridge the gap between card-paying buyers and non-card-accepting suppliers.

The details

As part of the acquisition, Ramp will open its first international offices in London and Stockholm. The company currently serves nearly half its customers with some form of international payment capability, but all of those customers are US-headquartered businesses. The Billhop acquisition makes it possible for companies based in the UK and EU to sign up as primary Ramp customers for the first time.

  • Ramp announced the acquisition of Billhop on March 13, 2026.
  • The acquisition is expected to close in the second quarter of 2026.
  • Ramp plans to begin onboarding European and British businesses directly this summer.

The players

Ramp

A $32 billion US-based financial operations platform that provides corporate cards, expense management, vendor payments, procurement, travel booking, and automated bookkeeping services.

Billhop

A Stockholm and London-based payments firm that holds a Swedish Payment Institution license and is authorized and regulated by the UK's Financial Conduct Authority, enabling it to process payments across the European Economic Area and the UK.

Eric Glyman

Ramp's co-founder and CEO.

Niklas Bothén

CEO of Billhop, who was appointed to the role in a planned leadership transition in late 2024, having joined the company as COO in 2020.

Brex

Ramp's long-time US rival in the corporate spend management market, which agreed to be acquired by Capital One for $5.15 billion in January 2026.

Got photos? Submit your photos here. ›

What they’re saying

“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. 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.”

— Eric Glyman, Ramp's co-founder and CEO

“Our mission at Billhop has always been to remove friction from B2B payments and make it easier for businesses to manage their spend. Joining Ramp allows us to realise that vision at a much larger scale.”

— Niklas Bothén, CEO of Billhop

What’s next

Ramp plans to open its first international offices in London and Stockholm this summer and begin onboarding European and British businesses as primary customers.

The takeaway

Ramp's acquisition of Billhop positions the company to expand its corporate spend management platform into the European market, where it sees opportunities to leverage Billhop's payment infrastructure and expertise to address the region's more fragmented B2B payment landscape and lower corporate card penetration compared to the US.