The cost management startup lamp is considered for the claim card pilot program by the US government’s General Services Administration, and the company confirmed TechCrunch on Thursday.
The government’s internal cost card program, called Smartpay, is a $ 700 billion program. According to Pro Publica’s report, Ramp’s considered claim card pilot program contract is estimated to be up to $ 25 million.
Professional public relations argued that Fintech Lamps have lobbied for the administration’s attention since January before President Trump swears.
In January, CEO of Eric Glyman, a co -founder of the lamp, and Ramp VC investor Kyle Harrison wrote a blog post entitled “Efficiency” that imagined how to “eliminate inefficient spending.” Harrison is a general partner of the company.
The post was appealed to Elon Musk’s government agenda. A few days later, the government’s efficiency department will be officially created, considering that the lamp is related to the world of Musk and Trump. Investors in Ramp are founder funds of Peter Thiel; Keith rabois of khosla venture; Thrive Capital founded by Joshua Kushner, the brother -in -law of Trump’s daughter -in -law; The brothers of Joe Lonsdale and Zeb Bush, former Florida, and former Republican President George W. BUSH.
Lindsay McKinley, head of Communications, told Techcrunch on Thursday.
She added: “Ramp’s technology has prevented billions of dollars in waste spending throughout the economy.‘
Despite McKinley’s strong investigation, she mentions how the lamp is the company’s money saving option. To identify the costs that do not comply with policies, we offer expenditure management functions similar to other company cost management platforms, such as setting parameters. The federal government has many policies for employees.
MCKINLEY said Startup saw a public post on X shared by the government efficient country, which is better known as Doge on February 18.
Former customer Ramp Dempless introduced a ramp to GSA a few days later.
“Since then we have demonstrated the product and are part of the current standard RFI process,” she said. “We have no signs of whether we will be selected.”
In March, RAMP doubled its evaluation after the second stock sales of $ 150 million. Startup has raised more than $ 1 billion in stock financing and $ 700 million dedicated debt since its founding in 2019.
