Propel

Private

Propel builds financial tools for low-income Americans. Its flagship app (formerly Fresh EBT, then Providers) lets EBT cardholders check SNAP benefits balances, manage money, save on essentials, and earn cash back. The app serves over 5 million households monthly and has facilitated over $500 million in financial benefits.

Founders Jimmy Chen, Ram Mehta

CEO Jimmy Chen

Company

Founded

2014

Headquarters

Brooklyn, United States

Employees

51-200

Financials

Total Funding

$67M

Sectors

Fintech

www.joinpropel.com Twitter Blog

Funding History

3 rounds

Series B Sep 1, 2022

$50M

Nyca Partners (Lead) Andreessen Horowitz Kleiner Perkins Flourish Ventures JPMorgan Chase Salesforce Ventures

Series A Dec 14, 2018

$13M

Nyca Partners (Lead) Andreessen Horowitz Kleiner Perkins Omidyar Network

Seed Apr 27, 2017

$4M

Andreessen Horowitz (Lead) Omidyar Network

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.