Rep. Gerald Connolly, a member of the US Supervision Committee in the USA, initiated an investigation in the case whether the startup ramp of expenditure management receives preferential treatment in its offer a government agreement value $ 25 million.
Connolly sent letter to the Administrator for General Services (GSA Administrator) Stephen Ehikian demanding information and documents related to GSA Reported plans grant a contract for a pilot program for the ramp. The news about the poll was first reported by Propubrica.
Among the biggest fears of Connolly is that the ramp allegedly has “zero federal contract experience”, and its investors are many allies and supporters of Trump. Investors include Peter Thiel Fund Fund, Keith Rabois from Khosl Ventures, Thrive Capital (founded by Josh Kushner, brother of the son -in -law Trump Jared), supporter of the vocal vocal Trump 8VCJoe Lonsdale and Jeb Bush, former Governor of Florida and brother of former Republican President George W. Bush. Rabois, according to Connolly, collected over $ 1 million for the Donald Trump 2024 campaign.
Connolly asks for a few things from GSA, including a detailed list of all meetings between any GSA official and any ramp representative and the entire communication between any GSA official, contractor or subcontractor and any ramp representative.
The government program of the internal expenditure card, named Smartpay, is a program value $ 700 billion. Currently Citibank and the US Bank, the two largest bank card suppliers in the country are official banks of the current ones Smartpay agreement.
In April, the head of Rampa Communication, Lindsay McKinley, confirmed Techcrunch that the startup “competed in the standard order process for the SmartPay pilot program based on the strength of our solution.”
She claimed to see the startup ramp Public post on x Divided by the Department of Government Efficiency, higher often called Doge, February 18, in which “the US government currently has ~ 4.6 million active credit cards/accounts that processed $ 90 million unique transactions for ~ USD 40 billion in USD in FY24”.
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The former customer, says Ramp, introduced the ramp to GSA a few days later.
However, Connolly claims that the ramp reportedly began to contact entities in the payment industry regarding the special identification numbers of the banks required to process government payments before publicly announced information for information (RFI) related to the contract.
He also claimed that the GSA worker recently stated that RAMP is a “favorite” to win this business.
The ramp had no comment on Connolly’s investigation.
In March, the ramp doubled its valuation up to $ 13 billion after the sale of a secondary share of $ 150 million. Since its inception in 2019, the startup has collected over $ 1 billion in capital financing and $ 700 million for the debt financing.