Financial operations platform Ramp has acquired Billhop, a payments platform licensed in the UK and Sweden.

Financial terms of the deal were not revealed.

In a statement, Ramp said the deal strengthens its regional expertise and deepens support for customers operating in the UK and Europe.

The US-based company will now open its first international offices in London and Stockholm.

Thousands of US businesses already use Ramp to manage spend and payments across Europe, noted the company.

Beginning this summer, Ramp will onboard businesses headquartered in the UK and EU directly.

It also intends to build its European team across go-to-market, partnerships, and operations, with an aim to more than double the UK headcount withn the next 12 months.

Ramp co-founder and CEO Eric Glyman said: “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.

“In their first year, the median Ramp customer saves 5% and grows revenue 16%. Europe is home to extraordinary companies. We can’t wait to get to work.”

Nearly half of Ramp customers transact internationally across more than 180 countries every week.

The company said it supports those operations with worldwide payment capabilities and local currency cards and payments in Canada, Australia, Japan, Mexico, and Singapore.

Billhop CEO Niklas Bothén said: “Joining Ramp allows us to realise that vision at a much larger scale. Together, we can help companies move money across countries and currencies faster, more intelligently, and with less complexity.”