Ramp Canada launch brings cards, bill pay and tax coding to businesses
Ramp has entered Canada with CAD and USD cards, local payments, tax automation and a new Toronto office to support business customers.
By Rafael Ortiz · Fintech Correspondent
· 3 min read
Ramp announced its Ramp Canada launch, making its finance platform available to businesses in Canada with corporate cards, bill payments, reimbursements and tax-coding tools built for cross-border operations. The expansion adds a Toronto office and a local team, as Canadian companies manage more vendors, subscriptions, currencies and provincial tax requirements, according to Ramp.
The company said its Canadian product lets finance teams manage spending across currencies from one platform. Businesses can issue physical and virtual cards in Canadian dollars, use virtual cards in US dollars, make CAD bill payments, reimburse employees in CAD and apply shared controls, approvals and accounting workflows.
What does Ramp offer in Canada?
Ramp said its Canadian offering combines card issuance, local payments, reimbursements, automated sales tax coding and accounting workflows. The platform is designed to capture GST, HST, PST and QST from receipts and assign those taxes to the appropriate accounting treatment.
The company said its automation uses information from policies, vendors, accounting records and previous finance decisions to apply similar treatment to future transactions. For finance teams, that mechanism is meant to reduce manual review across expenses, invoices and reimbursements while keeping approval rules consistent.
Ramp began supporting CAD cards in 2024, according to the company. It has since added USD cards for Canadian businesses, provincial tax coding, CAD bill payments, reimbursements and native accounting integrations. Ramp said the platform is now available to Canadian businesses across most provinces.
Why is Ramp expanding in Canada?
Ramp framed the expansion around the growing complexity of business spending in Canada. The company said Canadian firms are buying across currencies, paying suppliers across borders and handling different provincial tax rules, all of which increase the operational burden on finance teams.
Ramp also pointed to its AI Index as evidence of more fragmented software spending. As of June 2026, 51.0% of Canadian businesses in the Ramp AI Index were paying for AI tools, up 5.4 percentage points from January, while 24.3% were paying for multiple foundational models, up 6.5 percentage points, according to Ramp.
Jacob Wallenberg, Ramp’s vice-president of international expansion, said Canadian businesses are scaling with more global requirements and that finance teams are central to managing that shift. He said Ramp’s Canadian product covers CAD and USD cards, local payments and provincial tax coding so finance teams can control spending across currencies with less manual work.
Ramp also said Toronto-founded wellness company Othership is among its Canadian customers. Othership uses Ramp to manage Canadian-dollar and US-dollar spending as it grows in Canada and the US, giving employees access to the relevant currency while providing finance staff with one workflow for visibility, approvals and reconciliation, according to Ramp.
The company cited internal customer results, saying the median Ramp customer achieves 5% savings on expenses and 16% revenue growth in the first year through improved finance operations. Ramp did not provide further methodology for those figures in the announcement.
Toronto Mayor Olivia Chow welcomed the company’s expansion and the opening of its Toronto office, saying Ramp’s decision to establish a presence in the city reflects Toronto’s strength as a place for technology and financial services companies to build and grow.
This story draws on original reporting from Finextra Research.
