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Home » Blog » Congressman is investigating fintech Ramp’s attempt to win $25M federal contract
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Congressman is investigating fintech Ramp’s attempt to win $25M federal contract

Emily CarterBy Emily CarterMay 13, 2025
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The representative Gerald Connolly, a classification member of the Supervision Committee of the US House of Representatives.

Connolly sent a letter to the interim administrator of the General Services Administration (GSA) Stephen Ehikian demanding information and documents related to the GSA reported plans to grant a contract for a Pilot Rampa program. Propublic reported for the first time the news of the investigation.

Among the largest Conerns of Connolly are that Ramp supposedly has “zero federal hiring experience” and their investors include several allies and followers of Trump. Those Investors Include Peter Thiel’s Founders Fund, Keith Rabois or Khosla Ventures, Thrive Capital (Founded by Josh Kushner, Brother of Trump’s Son-In-Low Jared), Vocal Trump Supporter 8vcs or Joe Lonsdale and and And and And and And and And and And and And and And and And and And and And. And Like, and and Joe Lonsdale and and And and And and And and And and And and and of Lonsdale, and Joe Lonsdale, and and Joe Lonsdale, and and Jebida, and and Joe Lonsdale, and and Joe Lonsdale, and Joe Lonsdale, and and Joe Lonsdale, and and Joe Lonsdale, and and Jae Lonsdale, and and Jebe Lonsdale, and and Jebe Lonsdale, and and and and and and and and Yy Joe. Former Republican President George W. Bush. Rabois, according to Connolly’s letter, raised more than $ 1 million for Donald Trump’s 2024 campaign.

Connolly is requesting several things from the GSA, including a detailed list of all meetings of any GSA official and any ramp representative, and all communications between any official, contractor or subcontractor of GSA and any ramp representative.

The government’s internal expenses card program, called SmartPay, is a $ 700 billion program. Currently, Citibank and US Bank, two of the largest credit card suppliers in the nations, are the official banks of the current Smartpay contract.

In April, Ramp’s head of communications, Lindsay McKinley, confirmed to TechCrunch that the startup was “competing in a standard acquisition process for a smartpay pilot program based on the strength of our sole.”

She said that the starting ramp saw a public publication on X shared by the Government Efficiency Department, better known as Doge, on February 18 that said that “the US government current FY24. ” “

A former client, says Ramp, introduced Ramp to GSA a few days later.

However, Connolly alleges that the ramp, according to the reports, begged to contact entities in the payment industry on the special bank identification numbers necessary to process government payments before a request for information related to the contract was publicly announced.

Hi, he also said that a GSA employee recently declared that Ramp was the “favorite” to win this business.

I had no comment on Connolly’s investigation.

In March, it doubled its valuation at $ 13 billion after a sale of secondary shares of $ 150 million. Since its inception in 2019, the startup has raised at $ 1 billion in capital financing and $ 700 million in compromised debt funds.

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