US EditionTrump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program
- Ramp, a financial technology startup, proposed solutions for reducing government waste in a blog post prior to Donald Trump's inauguration.
- The General Services Administration is considering Ramp for a $25 million pilot program related to the government’s $700 billion SmartPay program.
- Critics, including Scott Amey, raised concerns about potential favoritism in awarding contracts to Ramp.
- GSA officials stated they refute any claims of biased contracting practices in their decision-making.
6 Articles
6 Articles
'Money to be made': Trump eyes politically connected startup to overhaul $700 billion program
Four days before Donald Trump’s inauguration, financial technology startup Ramp published a pitch for how to tackle wasteful government spending. In a 4,000-word blog post titled “The Efficiency Formula,” Ramp’s CEO and one of its investors echoed ideas similar to those promoted by Trump and his billionaire ally Elon Musk: Federal programs were overrun by fraud, and commonsense business techniques could provide a quick fix.Ramp sells corporate c…
Trump-connected firm eyed to overhaul $700B 'lifeblood' of government
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Four days before Donald Trump’s inauguration, financial technology startup Ramp published a pitch for how to tackle wasteful government spending. In...
ProPublica
Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program
A little-known firm with investors linked to JD Vance, Elon Musk and Trump could get a piece of the federal expense card system — and its hundreds of millions in fees. “This goes against all the normal contracting safeguards,” one expert said.
Trump Team Eyes Politically Connected Startup To Overhaul $700B Govt. Payments Program
By Christopher Bing and Avi Asher-Schapiro, ProPublica. This story was originally published by ProPublica. Four days before Donald Trump’s inauguration, financial technology startup Ramp published a pitch for how to tackle wasteful government spending. In a 4,000-word blog post titled “The Efficiency Formula,” Ramp’s CEO and one of its investors echoed ideas similar to those promoted by... The post Trump Team Eyes Politically Connected Startup T…
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