Propel, Inc
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Propel, Inc

http://joinpropel.com/
Last activity: 03.10.2023
Active
Categories: AppBuildingComputerFinTechHealthTechInvestmentProductServiceSocialSoftware
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
34
Location: United States, New York
Employees: 51-200
Total raised: $16.9M
Founded date: 2014

Investors 8

Funding Rounds 3

DateSeriesAmountInvestors
14.12.2018-$12.8M-
27.04.2017Seed$4M-
13.01.2017Grant$100K-

Mentions in press and media 34

DateTitleDescription
03.10.2023The ‘Found Money’ Innovators: How Startups Are Unlocking Cash For Financial ResilienceBusiness and financial conceptgetty
13.04.2022Inflation 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...
27.07.2021A 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...
30.12.20206 Trends In Social Enterprise And Impact Investing In 2020Barry Givens of Cox Enterprises Social Impact Accelerator powered by TechstarsCox Enterprises
07.05.2020It'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...
17.04.2019Kids 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...
04.04.2019A 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 ...
04.04.2019A 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 ...
06.03.2019Omidyar Network spins out its fintech investment arm as Flourish, with up to $300 millionAfter twelve years spent investing in impact-oriented financial services startups around the globe, the Omidyar Network, which serves as the family investment office for eBay founder Pierre Omidyar, is spinning off its financial inclusion i...
11.02.2019Стартап дня: приложение для учёта расходов на продукты питания PropelПоказывает баланс на карте, публикует купоны на скидки. 2 2 комментария 2657 просмотров Каждый день рассказываю о примечательных проектах. Примерно 40 млн американцев получают от правительства продовольственную помощь. Раньше программа назы...
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