MEP Gerald Connolly, a member of the US House Oversight Committee, has initiated an investigation whether the beginning -up ramp for cost management receives preferred treatment for a state contract for a state contract.
Connolly sent A letter to the General Services Administration (GSA) The incumbent administrator Stephen Ehikian, who demands information and documents in reference to the GSAS reported plans to award a contract for a pilot program for ramps. News from the probe were first reported by Prublica.
One of the best concerns of Connolly are that Ramp allegedly “has no federal contract experience” and its investors and includes quite a lot of Trump allies and fans. These investors include Peter Thiel’s start -up fund, Keith Rabois from Khosla Ventures, Thrive Capital (founded by Josh Kushner, brother of Trump’s son -in -law Jared), Vocal Trump Supporter 8VCJoe Lonsdale and Jeb Bush, former governor of Florida and brother of the previous Republican President George W. Bush. According to Connolly’s letter, Rabois collected greater than 1 million US dollars for Donald Trump’s 2024 campaign.
Connolly calls for several things from the GSA, including an in depth list of all sessions between a GSA official and a ramp representative in addition to all communications between a GSA official, a contractor or a subcontractor and a ramp representative.
The government’s internal output card program, called SmartPay, is a 700 billion dollar program. Citibank and US Bank, two of the biggest suppliers of bank cards within the country, are currently the official banks of the present one SmartPay contract.
In April, Ramps Head of Communication, Lindsay McKinley, confirmed Techcrunch that the startup “is based on a standard procurement process for a SmartPay pilot program based on the strength of our solution”.
She claimed that the beginning -up ramp saw A public contribution to X On February 18, which the Ministry of Efficiency of the Ministry of Efficiency, higher referred to as Doge, said: “The US government currently has ~ 4.6 million active credit cards/accounts that spends in the financial year24 ~ 90 million unique transactions for ~ 40 billion.”
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A former customer, Ramp Curts, stopped ramp to the GSA just a few days later.
However, Connolly claims that Ramp has reportedly began contacting firms within the payment industry via special bank identification numbers which might be required to process state payments before a application for information announced on the contract in reference to the contract in reference to the contract (RFI).
He also claimed that a GSA worker recently said that Ramp was the “favorite” to win this business.
Ramp had no comment on Connolly’s investigation.
In March, Ramp doubled his rating after a secondary stock sale of $ 150 million to $ 13 billion. Since its foundation in 2019, the startup has collected equity financing and 700 million US dollars in committed debt financing.
