Trump Team Eyes Politically Co... Note
ProPublica

Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program

Ramp, a financial technology startup, proposed solutions to government spending inefficiencies, echoing ideas promoted by Trump and Musk. Ramp, lacking federal contracts, implied the government should hire them for budget management, similar to their work with private businesses. Within months, Ramp executives met with Trump's GSA appointees, including the top procurement officer. These meetings focused on a potential $25 million pilot program for SmartPay, the government's $700 billion expense card program. Ramp's investors include powerful figures like Peter Thiel, who has strong ties to the Trump administration. The special attention given to Ramp raised concerns about potential favoritism and bypassing standard contracting procedures. Critics argue that the GSA's belief in widespread SmartPay fraud is unfounded, citing audits showing minimal fraud. The rushed process and short timeframe for the pilot program raised red flags regarding transparency and fairness. Ramp's involvement raises questions about potential conflicts of interest and whether the company will secure the entire SmartPay contract. The situation highlights a significant business opportunity with potential implications for federal employees and agencies.