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.

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.

  • d00ery@lemmy.world
    18·
    2 days ago

    Founded six years ago, Ramp is backed by some of the most powerful figures in Silicon Valley. One is Peter Thiel, the billionaire venture capitalist who was one of Trump’s earliest supporters in the tech world and who spent millions aiding Vice President JD Vance’s Ohio Senate run. Thiel’s firm, Founders Fund, has invested in seven separate rounds of funding for Ramp, according to data from PitchBook. Last year Thiel said there was “no one better positioned” to build products at the intersection of AI and finance.

    There’s the pay off.