Ramp, the US-based AI-powered financial operations platform, has acquired Billhop, a Stockholm-headquartered B2B payments provider, marking a major step in Ramp’s European expansion.
The acquisition combines Ramp’s global scale and AI-driven platform with Billhop’s European footprint, licensed payment infrastructure, and enterprise client relationships. Together, the companies aim to streamline B2B payments, optimize working capital, and unlock efficiency for corporate finance teams across Europe and the UK.
Billhop enables businesses to pay suppliers across 13+ currencies, automate payment approvals, reconcile accounts seamlessly, and manage multiple payment methods—even when suppliers do not accept cards. Its buyer-funded BPSP model has become widely adopted in the European card industry, addressing a $1.5 trillion annual B2B payments market.
Over the past year, Billhop achieved 100%+ transaction growth while reducing costs by over 50%, reflecting improved pricing, operational efficiency, and a shift toward enterprise clients. The platform now supports multinational enterprises and midcap firms across the EEA and the UK.
Eric Glyman, Ramp Co-Founder and CEO, said:
“In their first year, the median Ramp customer saves 5% and grows revenue 16%. Europe is home to extraordinary companies, and we can’t wait to get to work for them.”
Billhop’s leadership highlighted the strategic fit:
“We’re proud of the position we’ve built over the last decade. Joining Ramp allows us to expand our vision for B2B payments while leveraging their tech-first approach and global scale,” said Sebastian Andreescu, Co-Founder and Board Director.
The combined platform will continue to offer scalable automation for accounts payable and receivable, corporate card programs, procurement, vendor management, and financial operations, helping businesses unlock working capital, improve cash flow, and reduce manual effort.
About Billhop: Founded in 2012 in Stockholm, Billhop operates across the EEA and the UK through regulated entities, enabling corporates to optimize supplier payments and extend card acceptance in B2B transactions.
About Ramp: Founded in 2019, Ramp provides an all-in-one financial operations platform supporting payments, corporate cards, procurement, travel booking, and automated bookkeeping, powering over $100 billion in purchases annually.
