Ramp launches finance platform in UK for businesses

Ramp has launched its finance platform in the UK for businesses based in the country, marking its first major expansion beyond North America.

UK companies can now use Ramp for corporate cards, expenses, bill payments, procurement, travel and treasury on a single platform. Businesses in the market have been onboarding since the summer, supported by a London team.

The launch follows Ramp's acquisition of Billhop, a payments platform based in Stockholm and London. The deal gave Ramp payments authorisation in both the UK and the EU. It now has offices in London and Stockholm, with European customers already live after a beta phase.

More than 70,000 companies use Ramp globally, including Shopify and Virgin Voyages, according to the company. Ramp also said the median customer saves 5% on expenses and grows revenue 16% in its first year on the platform.

Local push

Jacob Wallenberg, Vice President, International Expansion, said the UK had become a priority as Ramp looks to expand beyond its home market.

"The UK is home to some of the fastest-growing companies in Europe, and we built our product to match that. We have a team based right here in London and we can't wait to get to work," said Jacob Wallenberg, Vice President, International Expansion, Ramp.

Ramp is working with Visa on its corporate card offering for UK businesses, combining its spend management software with Visa's payment network.

"The UK is one of the world's most dynamic markets for business payments and fintech innovation, making it an exciting next step for Ramp's international growth. At Visa, we're proud to partner with Ramp to transform B2B payments at scale. Together, we're helping UK businesses access smarter financial solutions to unlock new growth in the digital economy," said Lucy Demery, Senior Vice President, Head of Visa Commercial Solutions, Europe.

Two London-based users were named as early customers in the market. ElevenLabs has been using Ramp for bill payments, corporate cards and AI token spend management, while Attio has used the platform to consolidate parts of its finance software stack.

Ramp said its automation codes 99% of invoices and 99.8% of card transactions for ElevenLabs, saving its three-person finance team about 24 hours a month.

"We don't want to build at the frontier only in research and product. We want it in every function we have, including this one. Which means breaking the stereotype that a finance team scales with the company," said Maciej Mylik, Finance, ElevenLabs.

Attio's finance chief described a similar shift in how the company manages spending and back-office work.

"Ramp replaced our fragmented finance stack with one AI-first platform, giving us the context and automation we need to operate globally. Ramp has completely changed how I spend my time. Instead of managing finance tools, I can focus on driving the business forward," said Roberto Restrepo, Head of Finance, Attio.

AI spending

Ramp is also positioning the UK launch against rising scrutiny of spending on artificial intelligence. The company said AI spending across its customers has grown about 21 times since June 2025, while the heaviest users have seen costs rise by 50% or more roughly every quarter.

That spending is harder for finance teams to track because it is usage-based and spread across providers, models, teams, projects and application programming interface keys. Ramp said its tools are designed to show costs by model and team, separate cost of goods sold from operating expenditure, and identify unusual changes.

"The issue is not that companies are spending too much on AI. It's that they're spending blindly," said Wallenberg. "Ramp's token spend intelligence tools break costs down by model and team, separate cost of goods sold from operating expenditure, and flag anomalies and savings opportunities automatically."

Expansion path

The UK rollout comes during a broader expansion push. Ramp recently launched in Canada and introduced new products including accounting software for firms, stablecoin payments, token spend management and Router, a product aimed at reducing inference costs by directing requests to lower-cost models.

The company also raised USD $750 million at a USD $44 billion valuation. It now handles more than USD $200 billion in purchases annually, according to Ramp.