The expense management ramp is examined for a Pilot Card Pilot Program by the US Government Government Management, the company confirmed to TechCrunch on Thursday.
The government’s internal spending program, called Smartpay, is a $ 700 billion program. It is estimated that the Pilot Card Pilot Agreement for which the ramp is examined is worth up to $ 25 million, according to one report From the Pro Publica.
Pro Publica claims that Ramp Fintech is pressing for the administration’s attention since January, before President Trump is sworn in.
In January, CEO of Ramp Eric Glyman and Ramp VC investor Kyle Harrison wrote a blog posT entitled “The Effectiveness Formula” in which they listed the ways in which they imagined that the government could “eliminate ineffective costs”. Harrison is a general associate in a steady opposite.
The position appeared to be a call for Elon Musk’s government agenda – which would be officially created a few days later as the Department of Government Effectiveness – believing that the ramp has ties with the world of Musk and Trump. RAMP investors include the Founder Fund of Peter Thiel. Keith Rabois of Khosla Ventures. Thrive Capital, founded by Joshua Kushner, brother of his groom Jared. Trump ally 8VCJoe Lonsdale and Jeb Bush, former Governor of Florida and brother of former Republican President George W. Bush.
The Ramp “competes in a standard procurement process for a Smartpay pilot program based on the power of our solution,” said Lindsay McKinley, head of communications at TechCrunch on Thursday.
He added: “Ramp’s technology has hindered billions of dollars in waste of spending throughout the economy and if selected, we will bring the same results to the US taxpayer.“
Despite McKinley’s strong rhetoric, it refers to how the ramp is placed as a money saving option for companies. It offers similar expenditure management features such as other corporate cost management platforms, such as the determination of parameters to identify costs that do not comply with policies. The federal government has Many such policies for employees in force.
McKinley said the starting 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”.
A former customer, Ramp, claims, introduced a Ramp to GSA a few days later.
“Since then we have shown the product and now we are part of a typical RFI process,” he said. “We have no indication of whether we will be selected.”
In March, RAMP doubled its valuation to $ 13 billion after a secondary share of $ 150 million. The start increased more than $ 1 billion in shares funding and $ 700 million in debt funding since its start in 2019.
