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Propel, Inc
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Propel, Inc

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http://joinpropel.com/
Last activity: 31.10.2025
Active
Categories: BuildingFinTechGovTechHealthTechManagementPersonalServiceSocialSoftwareTools
Propel's mission is to enable Americans with low income to improve their financial health. Propel’s free app, Providers (formerly Fresh EBT), is used by over five million Americans across the country each month. Propel is a for-profit company, originally founded through a fellowship at Blue Ridge Labs @Robin Hood Foundation. Propel’s investors include nonprofits, mission-oriented investors, and top-tier venture capitalists: Financial Health Network, Andreessen Horowitz, Nyca Partners, Flourish Ventures, Kleiner Perkins, and more. Propel is based in Brooklyn, N.Y.
Followers
2.51K
Website visits
33.2K /mo.
Mentions
36

Overview

Location
United States, New York
Employees
51-200
Total raised
$16.9M
Founded date
2014

Investors 9

Funding Rounds 3

DateSeriesAmountInvestors
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Apr 27, 2017Seed round$4M
Jan 13, 2017Grant$100K

Mentions in press and media 36

DateTitleDescription
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Sep 2, 2025New Campaign from Propel Spotlights 1-800 Number Still Used by Millions to Manage Their SNAP Benefits"Goodbye 1-800. Hello Propel." Brand Campaign for Propel Propel's first national TV campaign spotlights the gap between modern digital technology and outdated systems BROOKLYN, NY, UNITED STATES, September 2, 2025 /EINPresswire.co...
Oct 3, 2023The ‘Found Money’ Innovators: How Startups Are Unlocking Cash For Financial ResilienceBusiness and financial conceptgetty
Apr 13, 2022Inflation is hurting women at the grocery store. Some are eating less in order to feed their families.This story was originally published by The 19th. The price sticker startled Tammy Ferrell. She looked at the variety pack of FritoLay chips again and again. Her forehead wrinkled. Surely, she must have misunderstood—the chips used to be $12...
Jul 27, 2021A One-Stop-Shop To Manage Government Benefits, Other Income, Side-By-SideSeven years ago, Jimmy Chen founded fintech startup Propel with an app aimed at Supplemental Nutrition Assistance Program (SNAP) recipients. Specifically, it helped them check their balances from their smartphone, as well as browse deals at...
Dec 30, 20206 Trends In Social Enterprise And Impact Investing In 2020Barry Givens of Cox Enterprises Social Impact Accelerator powered by TechstarsCox Enterprises
May 7, 2020It's Time To Improve Banking Access For AmericansWhile coronavirus and COVID-19 have certainly made our lives inconvenient, having to deal with social distancing is the least most of us should worry about. The economic upheaval caused by this virus continues playing out in a horrific, slo...
Apr 17, 2019Kids on 45th just raised millions in seed funding to sell lightly used kids clothes — sight unseenA seemingly endless number of startups has attracted funding in recent years to make life easier for people with money to spend. They’re sold nice clothes, chic shoes, cool office space, on-demand car services, on-demand laundry services, o...
Apr 4, 2019A fintech VC explains how to go from big idea to big money (VB Live)Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more. What’s the difference between fintech startups that fail and the ones that disrupt entire industries? Find out first-hand from VCs and ...
Apr 4, 2019A fintech VC explains how to go from big idea to big money (VB Live)What’s the difference between fintech startups that fail and the ones that disrupt entire industries? Find out first-hand from VCs and successful founders in this VB Live event, and get your own questions answered, too. It’s everything you ...
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FAQ about Propel, Inc

When was Propel, Inc founded?

Propel, Inc was founded in 2014.

How much funding has Propel, Inc raised?

Propel, Inc has raised $16.9M in total across 3 funding rounds.

What funding rounds has Propel, Inc raised?

Parsers VC lists 3 funding rounds of Propel, Inc, among them a seed round of $4M on Apr 27, 2017 and a grant of $100K on Jan 13, 2017.

Who has invested in Propel, Inc?

Parsers VC lists 9 investors of Propel, Inc, among them New York Life Ventures, Financial Venture Studio and Uncharted.

What has the press written about Propel, Inc?

Parsers VC has collected 36 articles mentioning Propel, Inc, among them “New Campaign from Propel Spotlights 1-800 Number Still Used by Millions to Manage Their SNAP Benefits” (Sep 2, 2025) and “The ‘Found Money’ Innovators: How Startups Are Unlocking Cash For Financial Resilience” (Oct 3, 2023).

Is Propel, Inc still active?

Yes, Propel, Inc is active; its latest activity on Parsers VC dates from Oct 31, 2025.