Propel provides a mobile app designed to help users manage their benefits and money.
Propel builds software dedicated to helping low-income Americans improve their financial health. Its core product, Providers, is a free app that allows EBT cardholders to manage their benefits and money, save on essentials, and earn cash. Providers is used by millions of Americans across the country and Propel has been featured in the NYTimes, Wall St Journal, and Forbes.
Propel was founded in 2014 and is based in Brooklyn, New York.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Mar 8, 2022 | Series B | $50M | 9 | Nyca Partners | — | Detail |
Dec 14, 2018 | Series A | $12.80M | 8 | Nyca Partners | — | Detail |
May 5, 2017 | Seed | $4M | 9 | — | — | Detail |
Jun 12, 2015 | Convertable Note | $250K | 1 | Financial Health Network | — | Detail |
Jun 11, 2015 | Seed | $1.15M | 2 | — | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Mar 29, 2019
Shopi
|
Seed | $520K | Cloud Computing | — |
Oct 17, 2017
Welcome Pickups
|
Seed | €1.65M | Information Technology | — |
Nov 1, 2015
Welcome Pickups
|
Seed | $500K | Information Technology | — |
Apr 30, 2015
Welcome Pickups
|
Seed | $170K | Information Technology | — |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Nyca Partners | Yes | Series B |
Financial Health Network | Yes | Convertable Note |
Andreessen Horowitz | — | Series B |
Flourish Ventures | — | Series B |
Jared Leto | — | Series B |
Jeremy Lin | — | Series B |
JP Morgan Chase | — | Series B |
Kleiner Perkins | — | Series B |
Mischief | — | Series B |
Salesforce Ventures | — | Series B |