One of the world’s most valuable fintech companies is planting roots in Toronto as part of its expansion into Canada.
New York-based Ramp has formally launched its finance platform for Canadian businesses and plans to open an office near Adelaide Street and Spadina Avenue in the coming weeks.
The company says it is building a local team to support customers across the country, adding a well-capitalized international employer to Toronto’s growing financial technology ecosystem.
Ramp has not disclosed the planned size of its Toronto workforce or a hiring timeline. However, its careers page already lists opportunities based in Toronto and remotely across Canada.
Current openings include roles in solutions consulting and technical consulting, along with Canadian software engineering positions focused on frontend and production engineering. Ramp is also recruiting sales talent to support its Canadian expansion.
The Toronto office accompanies a broader product launch that brings Ramp’s corporate cards, expense management, payments, approvals, and accounting automation to eligible Canadian companies.
Businesses can issue physical and virtual cards in Canadian dollars alongside virtual U.S.-dollar cards. The platform also supports Canadian-dollar bill payments and reimbursements, as well as automated coding for GST, HST, PST, and QST.
Ramp says its software learns from company policies, vendors, accounting history, and previous decisions to automate repetitive finance work.
“Ramp is built for the way Canadian companies actually operate,” said Jacob Wallenberg, the company’s vice-president of international expansion.
Ramp has worked with a smaller group of Canadian businesses for the past several years and began supporting Canadian-dollar cards in 2024. Its customers include Toronto-founded wellness company Othership, which uses the platform to manage spending across Canada and the United States.
The company enters Canada with considerably more financial weight than its homegrown competitors. Ramp raised US$750 million in June at a US$44-billion valuation, with Ontario Teachers’ Pension Plan among the investors leading the round.
By comparison, Toronto-based Float was valued at C$550 million following its recent C$85-million Series C. Fellow Toronto fintech Venn has not disclosed a valuation but raised a C$21.5-million Series A in 2025.
Founded in 2019, Ramp now supports more than 70,000 organizations and processes over US$200 billion in purchases annually.
Its Canadian expansion comes as companies spend more on artificial intelligence tools and finance teams attempt to manage a growing number of vendors and subscriptions. According to the Ramp AI Index, 51 percent of Canadian businesses in its dataset were paying for AI products as of June 2026.
For Toronto’s technology sector, Ramp’s arrival brings another major global company competing for engineers, consultants, sales professionals, and fintech specialists.
The new office gives Ramp a base from which to serve Canadian customers, but it also places the company directly in the market for the people building the next generation of business finance technology.