"Ramp, the New York-based financial operations platform valued at $32 billion, announced the acquisition of Billhop, a Stockholm and London 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, something it plans to begin doing this summer."
"Those licences give Ramp what it could not quickly build itself: the regulatory standing to process payments across EEA member states and the UK as two distinct jurisdictions. Billhop, founded in 2012 and headquartered in Stockholm, is a payments infrastructure provider that enables businesses to pay invoices by credit card, even to suppliers that do not ordinarily accept card payments."
"Ramp's move into Europe lands while Brex is navigating an acquisition by a traditional bank, and while the question of what happens to Brex's product roadmap and founder-friendly positioning under Capital One remains unanswered. The timing is not subtle."
Ramp, a $32 billion US spend management platform, acquired Billhop, a Stockholm and London-based payments provider, to establish its presence in Europe. Billhop holds Swedish Payment Institution and UK Financial Conduct Authority licenses, enabling Ramp to operate across EEA member states and the UK as separate jurisdictions. This move positions Ramp competitively as Brex, its longtime US rival, undergoes acquisition by Capital One. The deal provides Ramp with necessary regulatory infrastructure to onboard European and British businesses directly, with operations beginning summer 2026. The acquisition represents a strategic licensing and infrastructure play rather than a product acquisition.
#corporate-spend-management #european-expansion #payments-infrastructure #regulatory-licensing #fintech-acquisitions
Read at TNW | Finance
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