Ramp acquires Billhop – joining forces to redefine B2B payments across Europe

Stockholm, March 13, 2026 – Ramp, the US-based AI-powered financial operations platform, today announced its acquisition of Billhop, a European digital B2B payment provider. The acquisition marks a major step in Ramp’s strategy to expand its international presence and strengthen its offering across Europe and the UK.

“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 for them,” said Eric Glyman, co-founder and CEO of Ramp.

Billhop has transformed how companies optimize working capital and manage tail-end payments. Over the past decade, the company has built a unique position in the B2B payments ecosystem, partnering with more than 30 leading international financial institutions – predominantly global card networks as well as some of Europe’s and the UK’s largest commercial banks and card issuers –distributing Billhop’s solutions to their corporate client base.

During 2025, Billhop delivered one of its strongest years to date, with transaction volumes growing well above 100% year-on-year while simultaneously reducing its cost base by over 50%. Revenue growth outpaced volume growth, reflecting improved pricing, mix, and continued progress in margin expansion. The combination of accelerated growth and disciplined cost management has taken the company towards profitability.

“The past year has been a highly eventful period for the company, marked by strong progress on several fronts. We have strengthened our position in the market, advanced our product capabilities, and harnessed technology to drive efficiency — resulting in a significantly leaner cost base and improved margins. I’m incredibly proud of what we’ve accomplished together with such a small but highly dedicated team; it is an achievement that speaks to the focus, discipline, and relentless ambition that define our organization.” says Niklas Bothén, CEO of Billhop

In recent years, the company has successfully shifted its focus toward the enterprise segment, including both large-cap and midcap customers – a strategic decision that has led to significant growth in customer base, partner network, and processed volumes.

Today, Billhop supports a broad portfolio of multinational enterprise clients, including many Fortune 500 companies, as well as a growing number of midcap firms. Through its licensed entities in both the EEA and the UK, the company delivers regulated payment services seamlessly across Europe.

“We are proud of the position we have managed to cement on the European market during the last decade – with a product and a team that has been successful in reimaging traditional B2B payments models. Taking the next step with Ramp is the natural progression for Billhop and we look forward to seeing our vision continue to evolve and expand under their ownership.” says Sebastian Andreescu, Co-Founder and Board Director 

The buyer-funded BPSP model, that Billhop paved the way for in Europe, has become an adopted product offering within the card industry during recent years as it plays an integral role in overcoming the low card acceptance within B2B payments – a $1.5 trillion annual market.

“Over the past few years, we’ve seen a growing amount of interest in the technology we’ve built — both from partners and but also other participants across the larger payments market recognizing Billhop’s ambition to transform B2B payments. Consequently, we’ve engaged in discussions to explore the best path forward for Billhop and we’re delighted to have completed our sale to Ramp” says Ingemar Sjögren, Co-Founder and Board Director

A shared vision for the future of B2B payments

The combination of Ramp’s global scale, resources, and technical capabilities with Billhop’s European footprint, regulatory licenses, and enterprise relationships creates a uniquely strong platform for growth. Together, the companies will continue to expand across markets, enabling businesses to streamline payments, unlock working capital, and drive greater efficiency in their financial operations.

“From the start, we built our platform on a foundation of scalability and automation, and made it a core part of our mission to never get complacent and continue to iterate to ensure we leverage the latest technology available to us. Ramp shares that same DNA. Their tech-first approach makes this a perfect fit, and together we’ll be able to accelerate innovation and impact at a whole new scale.” says Erik Malm, Co-Founder and CTO

About Billhop

Founded in 2012, Billhop is a European B2B payments infrastructure provider headquartered in Stockholm, Sweden, operating across the EEA and the UK through Billhop AB, a regulated Payment Institution passporting its license within the EEA, and its wholly owned subsidiary Billhop UK Ltd, locally regulated to serve the domestic UK market.

Billhop enables corporates to optimise working capital and streamline supplier payments by leveraging card-based infrastructure – even where suppliers do not accept cards. Through deep partnerships with leading banks, card issuers, and global card networks, Billhop provides embedded payment capabilities that extend card acceptance, enhance liquidity management, and unlock new revenue opportunities across the B2B ecosystem.

About Ramp

Ramp is a financial operations platform designed to save companies time and money. Our all-in-one solution combines payments, corporate cards, vendor management, procurement, travel booking, and automated bookkeeping with built-in intelligence to maximize the impact of every dollar and hour spent. Over 50,000 customers, from family farms to space startups, have saved over $10 billion and 27.5 million hours with Ramp. Founded in 2019, Ramp powers over $100 billion in purchases annually. Learn more at ramp.com.

For further information, please contact

Niklas Bothén, CEO, Billhop
niklas.bothen@billhop.com
+46 709 144 108

press@ramp.com