Ramp launches finance platform in UK for businesses
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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...
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