Ramp fully launches in Canada alongside new Toronto office

Ramp, the New York City-based FinTech company, has fully launched its AI-powered corporate expense management platform in Canada, making it available to all Canadian-headquartered businesses outside Saskatchewan and Québec. The company plans to open a new Toronto office in the coming weeks, as it competes with domestic players Float and Venn.

New York City-based FinTech giant Ramp https://ramp.com/canada has opened its corporate expense management platform to all Canadian businesses as it plans to add a new Toronto office. The news: After only serving a small number of businesses operating in Canada for the past couple of years, Ramp announced its expanded entry into the Canadian market on Tuesday. Its finance platform is now available broadly to Canadian-headquartered businesses outside of Saskatchewan and Québec. Ramp bills itself as an all-in-one finance platform that uses AI automation to help companies with corporate cards in multiple currencies, expense management, reimbursements, bill pay, accounting sync, and more. From the source: “Over the past year we’ve been hard at work at building Ramp for Canada,” Ramp VP of international expansion Jacob Wallenberg said in a LinkedIn post https://www.linkedin.com/posts/jacob-wallenberg-3485a446 ive-lived-in-the-us-for-almost-15-years-ugcPost-7487879556012367873-RBJB/?utm source=share&utm medium=member desktop&rcm=ACoAACQRsLYBYtACiht1SZCp1z yZhpuZgCPdLk . ”We’ve customized the product to extract the local tax fields, and built financial products that help businesses who operate both in CAD and USD.” Wallenberg added that Ramp has also built out a local team, with the company’s new downtown Toronto office opening in the next few weeks. Following the thread: Ramp’s entrance was foreshadowed earlier this year https://betakit.com/float-secures-nearly-100-million-in-debt-to-expand-credit-products-for-canadian-businesses/ when it began posting Canadian job listings on LinkedIn. As it fully enters Canada, Ramp becomes one of the largest FinTech companies operating in the country, with over 70,000 customers, including Visa, Uber, and Shopify. The company’s annualized revenue reportedly https://techcrunch.com/2026/06/04/ramp-raises-750m-at-44b-valuation-as-investors-hunger-for-fintechs-with-an-ai-story/ exceeds $1 billion and, just last month, it raised a $750 million USD $1.1-billion CAD round at a $44 billion valuation. Final thought: Until now, the Canadian corporate expense management market has been held by domestic players like Float and Venn https://betakit.com/venn-launches-product-to-make-incorporation-easier-for-ontario-entrepreneurs/ , who also position themselves as built for the unique needs of Canadian businesses. Float recently eclipsed https://betakit.com/vault-rebrands-to-venn-following-21-5-million-series-a-round/ 7,500 Canadian business customers, and Venn says https://www.venn.ca/ it supports more than 15,000, all of which Ramp will now be competing for. Feature image courtesy Unsplash. Photo by Jonas Leupe.