Ramp Launches Corporate Card Platform in Canada, Eyes European Expansion

The spend management platform has made its first move beyond US borders, rolling out services to businesses across Canada this week. The launch follows a pilot program with select Canadian small businesses.

Companies headquartered in Canada can now access the platform's corporate cards, expense management, bill pay, and accounting tools. Quebec and Saskatchewan remain excluded from the initial rollout.

The Canadian offering includes features tailored specifically to local market needs. Businesses can spend in both Canadian and US dollars without foreign exchange markups.

The platform automatically applies provincial tax codes—GST, HST, PST, or QST—to transactions, helping finance teams manage compliance requirements. Cards are issued through Peoples Trust and transactions sync in Canadian dollars with major accounting platforms including QuickBooks Online, Xero, Microsoft Business Central, NetSuite, and Sage Intacct.

The company will establish its first international office in Toronto to support the expansion. The location will house a local team handling sales, implementation, and customer support for Canadian clients.

The physical presence signals a sustained commitment to the Canadian market as the platform extends its geographic footprint.

The platform serves more than 70,000 businesses and processes over $100 billion in annual purchases. Founded in 2019, the company reached a $32 billion valuation following a $300 million financing round.

The Canadian launch precedes planned European expansion. The company announced entry into the UK and EU markets would happen "this summer" after acquiring Billhop, a Stockholm- and London-based payments platform, in March.

The move comes amid escalating rivalry in business banking. Expensify brought its corporate card to the UK and EU last week, while Intuit introduced a QuickBooks-connected corporate credit card five days ago.

These developments highlight how providers are racing to expand both geographically and across the business finance stack, offering small and midsize businesses increasingly integrated options for spending, payments, and accounting management.