Geddry’s Newsletter

Geddry’s Newsletter

Swipe Right on Corruption: How a Trump-Backed Startup is Poised to Hijack $700 Billion in Government Spending

Ramp’s rise from fintech startup to federal sweetheart reveals how Trump, Musk, and the PayPal Mafia are privatizing procurement under the guise of efficiency and dismantling oversight in the process.

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Mary Geddry
Apr 25, 2025
∙ Paid

This ProPublica exposé isn’t just a story about a startup, it’s a parable about how crony capitalism in the Trump-Musk era now wears a startup hoodie and carries a black Amex.

What we’re looking at here is a textbook case of backdoor privatization, dressed up in buzzwords like “efficiency” and “fraud prevention.” Ramp, a corporate credit card startup wit…

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