RAMP is trying to obtain the United States government as a customer after seeing a tweet from Doge
The company confirmed on the TECHRUNCH program on Thursday that Startup RAMP will be considered in the expenses management of a trial program for charging cards by the Public Services Department of the United States Government.
The government’s internal expenses card program, called Smartpay, is a program worth $ 700 billion. It is estimated that the contract for the trial program for the shipping cards, which is considered for it, amounts to $ 25 million, according to a report issued by the Pro Publica.
Pro Publica claims that Fintech RAMP has been pressuring the administration’s attention since January, before President Trump was sworn in.
In January, the CEO of the founder Eric Glyman and investor of RAMP VC Kyle Harrison wrote a blog entitled “The Efficiency Form” in which they included the ways it imagined that the government can “eliminate ineffective spending.” Harrison is a general partner in the company.
This position appeared to be an appeal to the Ayalon Musk government agenda – which will be formally created a few days later as the Ministry of Governmental efficiency – given that RAMP has links to the world of Musk and Trump. Among the RAMP FOUND Peter Thiel’s Founders Fund investors; Keith Rabois from Khosla Ventures; Thrive Capital, founded by Joshua Kushner, brother of Trump’s son -in -law; Trump is an ally of 8VC from Joe Loonsed and Jeep Bush, former governor of Florida and former Republican President George W. Bush.
“RAMP” in a standard purchase of Pilot Smartpay is based on the strength of our solution, “said Lindsay McKinley, head of telecommunications at Techcrunch on Thursday.
She added, “RAMP technology has prevented billions of dollars in lost spending through the economy, and if chosen, we will achieve the same results to the American taxpayer.“
Despite the powerful MCKINLEY speech, it indicates how the slope itself as an option to save money to companies. It provides management features similar to spending like other platforms for managing corporate expenses, such as identifying parameters to determine expenditures that are not compatible with policies. The federal government has many of these policies for the applicable employees.
McKinley said that the startup witnessed a public publication on X, shared by the Ministry of Government efficiency, known as DOGE, on February 18, said that “the United States government currently has active credit cards/cards of approximately 4.6 million, which dealt with about 90 million unique transactions for $ 40 billion in spending in the 24th year 24.”
A former customer, RAMP, made allegations, slope to GSA a few days later.
“Since then, we have shown the product and are now part of the standard RFI process,” she said. “We do not have any indication if we would choose.”
In March, RAMP doubled its evaluation to $ 13 billion after selling the secondary stocks of $ 150 million. The startup raised more than one billion dollars in stock financing and $ 700 million of committed debt financing since its inception for 2019.