Ramp Aims for European Expansion with Billhop Deal

US fintech startup Ramp is expanding into Europe by acquiring Billhop, a UK- and Sweden-based payments platform, marking its first major international move. The deal targets Europe’s $1.2 trillion corporate spend market, leveraging Billhop’s cross-border payment infrastructure to accelerate Ramp’s global growth strategy. CEO Eric Glyman emphasized Europe’s regulatory clarity and high adoption of digital payments as key drivers for the acquisition, contrasting with US market fragmentation. Billhop’s existing client base—including multinational firms—will integrate with Ramp’s AI-driven expense management tools, creating a unified financial operations platform. The acquisition follows Ramp’s $1 billion valuation in 2025, signaling aggressive expansion beyond its US stronghold amid intensifying fintech competition.