Expense management startup Ramp takes on rival Brex with European acquisition

Ramp is opening its first international offices, in London and Stockholm.

Ramp, valued at $32bn, has snapped up fintech Billhop, a deal that will see Ramp open its first international offices, in London and Stockholm.

Billhop, which employs around 15 people, is a payment infrastructure fintech operating across the EEA and UK. Billhop, founded in 2012, is headquartered in Stockholm. Financial details of the deal were not disclosed.