Ramp Eyes $25M U.S. Government Contract After Strategic Outreach

Ramp Eyes $25M U.S. Government Contract After Strategic Outreach
Expense management startup Ramp is in consideration for a charge card pilot program under the U.S. government's SmartPay initiative, potentially worth $25 million. The company has been lobbying for this opportunity since January, seeking to showcase its technology's ability to eliminate inefficient spending. Ramp's co-founder and a venture investor previously appealed to the government's efficiency agenda, highlighting significant waste in federal expenditures. With a recent valuation of $13 billion, Ramp aims to extend its cost-saving capabilities to federal operations as part of a standard procurement process.