Ramp Acquires Billhop to Expand Into The UK And Europe
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Big expansion move in the FinTech infrastructure space today...
U.S. financial operations platform Ramp has acquired payments company Billhop, a platform licensed in the UK and Sweden, as it prepares to expand its services across the UK and Europe.
The deal will also see Ramp open its first international offices in London and Stockholm, strengthening its regional presence.
According to Ramp co-founder and CEO Eric Glyman, the move marks an important milestone for the company’s international ambitions.
“We’ve spent years building Ramp into something the most ambitious US companies rely on. This summer, for the first time, companies headquartered in the UK and EU will be able to use Ramp directly,” he said.
Ramp says nearly half of its customers already transact internationally across more than 180 countries every week, and the acquisition of Billhop will help support businesses operating across the UK and EU more effectively.
Billhop CEO Niklas Bothén said the partnership will allow the company’s B2B payments infrastructure to scale globally, helping businesses move money across countries and currencies with less complexity.
How about checking out all of today's industry news? Scroll down and take a look. I'll be back tomorrow with all the latest news.
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PAYMENTS NEWS
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
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MOVERS AND SHAKERS
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