TechThe Information1h ago
Sources detail how Ramp investors Joe Lonsdale and Keith Rabois pushed
Sources detail how Ramp investors Joe Lonsdale and Keith Rabois pushed US lawmakers to probe rival Airwallex's China ties after Airwallex scrapped a Ramp deal
TL;DRRamp investors allegedly pushed lawmakers to investigate competitor Airwallex over China ties after a deal collapsed.
Why it matters: Shows potential weaponization of government scrutiny in fintech rivalries; raises questions about regulatory capture and fair competition.
In April 2025, Eric Glyman, co-founder and co-CEO of Ramp, received some bad news: A deal was falling apart.
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