Congressman is investigating fintech Ramp’s attempt to win $25M federal contract

Rep. Gerald Connolly has launched an investigation into whether Ramp, an expense management startup, received unfair treatment during its bid for a $25 million government contract. The probe follows reports that GSA officials may have provided Ramp with preferential treatment due to its lack of federal contracting experience and ties to Trump allies like Jeb Bush and Keith Rabois, who reportedly invested heavily in Trump's 2024 campaign efforts. Additionally, concerns remain about Ramp's attempts to secure special banking IDs before the contract was announced and its significant financial backing ahead of a $13 billion valuation since its founding in 2019.