New York fintech Ramp is expanding north of the border with a finance platform tailored to Canadian businesses and a new office in downtown Toronto.
The company’s Canadian offering brings corporate cards, payments, expense management, tax automation, approvals, and accounting workflows together on one platform.
Eligible businesses can issue physical and virtual cards in Canadian dollars alongside virtual U.S.-dollar cards. They can also pay bills and reimburse employees in Canadian currency while managing spending across both currencies from a shared system.
Ramp has also adapted the platform to Canada’s tax landscape. Its software can capture GST, HST, PST, and QST information from receipts and automatically assign taxes to the appropriate accounting categories.
The expansion is designed for Canadian companies operating across borders and finance teams managing a growing collection of vendors, currencies, and software subscriptions.
“Ramp is built for the way Canadian companies actually operate,” said Jacob Wallenberg, the company’s vice-president of international expansion.
The platform’s automation draws on a company’s policies, vendors, accounting history, and previous decisions to help categorize future transactions and reduce repetitive work.
Ramp pointed to rising business spending on artificial intelligence as one example of why companies need more visibility into their expenses.
According to the Ramp AI Index, 51 percent of Canadian businesses in its dataset were paying for AI tools as of June 2026, up 5.4 percentage points since January. Nearly one-quarter were paying for multiple foundational AI models, an increase of 6.5 percentage points over the same period.
Ramp is complementing the product launch with a local presence. The company plans to open an office near Adelaide Street and Spadina Avenue in Toronto and build a Canadian team to support customers across the country.
Toronto-based wellness company Othership is among the Canadian businesses already using the platform. With employees and vendors in Canada and the United States, Othership uses Ramp to manage spending in both currencies while centralizing approvals, visibility, and reconciliation.
Ramp began offering Canadian-dollar cards in 2024 and has since added U.S.-dollar cards, provincial tax coding, bill payments, reimbursements, and integrations with accounting software.
The company says its platform now supports more than 70,000 organizations and powers over $200 billion in purchases annually. Ramp reports that those customers have collectively saved more than $12 billion and 27 million hours, although individual results vary.
Ramp is currently available to businesses across most Canadian provinces. According to the company’s Canadian launch details, businesses headquartered in Quebec and Saskatchewan are not yet eligible.
Canadian Ramp cards are issued by Vancouver-based Peoples Trust Company, while Ramp Business Corporation is registered as a payment service provider with the Bank of Canada.
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