The expense management startup lamp is being considered for a charge card pilot program by the U.S. government’s General Services Agency, the company confirmed Thursday with TechCrunch.
The government’s internal fee card program, known as SmartPay, is a $700 billion program. The Charge Card Pilot Program Agreement, where the Lamp is being considered, is estimated to be worth up to $25 million. Report By Pro Publica.
Pro Publica claims that Fintech lamps have been calling the administration’s attention since January before President Trump is sworn in.
Written in January by Lamp co-founder CEO Eric Griman and Lamp VC investor Kyle Harrison Blog POS“T entitled “Efficient Formula” which lists ways to imagine that it could eliminate efficient spending. Harrison is a general partner in the opposite company.
This post appeared to be an appeal against Elon Musk’s government agenda. This will be officially created as government efficiency in a few days, but lamps take into account the relationship between masks and the Trump world. Lamp investors include the Founders Fund of Peter Thiel. Keith Rabois of Khosla Ventures; Thrive Capital was founded by Joshua Kushner, brother of Trump’s step-son Jared. Trump’s Allies 8vcbrothers of Joe Lonsdale and Jeb Bush, former governor of Florida and former Republican President George W. Bush.
Ramp competes in the standard procurement process for SmartPay pilot programs based on the strength of the solution,” Lindsay McKinley, head of Communications, told TechCrunch on Thursday.
She added: “RAMP’s technology has prevented billions of dollars of wasted spending across the economy, and if chosen, these same outcomes will be brought to American taxpayers.”
Despite McKinley’s powerful rhetoric, she mentions how Lamp positions herself as a savings option for businesses. It offers spending management capabilities similar to other company expense management platforms, such as setting parameters to identify costs that are not compliant with policies. The federal government has Many such policies for employees.
McKinley said the startup saw it x’s public post On February 18, the government’s Efficiency Bureau, known as Doge, shared, “The US government currently has around 4.6 million active credit cards/accounts.
A former customer claims they introduced lamps to the GSA a few days later.
“Since then, we’ve demonstrated our products and are now part of the standard RFI process,” she said. “It doesn’t show whether we’re going to be selected or not.”
In March, RAMP doubled its valuation to $13 billion after a $150 million subsidy sale. Since its launch in 2019, the startup has raised over $1 billion in equity funding and $700 million in committed debt funding.
