Mr Gerald Connolly, a member of the US Supervisory Committee, has launched an investigation into whether the expenses starting ramp receives preferential treatment in its offer for a government contract of $ 25 million.
Connolly sent a letter to the General Services Management (GSA) Director of Stephen Ehikian demanding information and documents related to GSA’s reported plans assign a contract for a pilot program on Ramp. Catheter news was first mentioned by Propublica.
Among Connolly’s biggest concerns is that Ramp is alleged to have “zero federal conventional experience” and its investors include a number of allies and supporters of Trump. These investors include Peter Thiel’s founder Fund, Keith Rabois of Khosla Ventures, Thrive Capital (founded by Josh Kushner, brother -in -law Jared), Vocal supporter Trump 8VCJoe Lonsdale and Jeb Bush, a former ruler of Florida and brother of former Republican President George W. Bush. Rabois, according to Connolly’s letter, brought over $ 1 million for Donald Trump’s campaign in 2024.
Connolly calls for many things from GSA, including a detailed list of all meetings between any GSA official and any RAMP representative and all communications between any official, contractor or subcontractor and any ramp representative.
The government’s internal spending program, called Smartpay, is a $ 700 billion program. Currently, Citibank and US Bank, two of nation’s largest credit card suppliers, are the official banks of the current SmartPay contract.
In April, Ramp Communications Head, Lindsay McKinley, confirmed to TechCrunch that the start was competing in a standard procurement process for a Smartpay pilot program based on the power of our solution “.
Claimed that the starting ramp saw a public post on x shared by the Government Efficiency Department, known as Doge, on February 18, said that “the US government today has ~ 4.6m active credit cards/accounts, which were processed ~ 90 million unique transactions for ~ 40B of 24”.
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A former customer, Ramp, claims, introduced a Ramp to GSA a few days later.
However, Connolly claims that Ramp has begun to come into contact with entities in the payments industry on special bank recognition numbers required to process government payments before a request for information (RFI) on the contract was publicly announced.
He also claimed that a GSA employee recently stated that the ramp was “favorite” to win this business.
The ramp had no comment on Connolly’s research.
In March, RAMP doubled its valuation to $ 13 billion after a secondary share of $ 150 million. Since its inception in 2019, the start has increased more than $ 1 billion in shares funding and $ 700 million in debt funding.
