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 | |
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Mar 8, 2022 | Series B | $50M | 9 |
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— | Detail |
Dec 14, 2018 | Series A | $12.80M | 8 |
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— | Detail |
May 5, 2017 | Seed | $4M | 9 | — | — | Detail |
Jun 12, 2015 | Convertable Note | $250K | 1 |
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— | Detail |
Jun 11, 2015 | Seed | $1.15M | 2 | — | — | Detail |
Date
Company Name
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Round | Money Raised | Industry | Lead Investor |
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Mar 29, 2019
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Seed | $520K | Cloud Computing | — |
Oct 17, 2017
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Seed | €1.65M | Information Technology | — |
Nov 1, 2015
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Seed | $500K | Information Technology | — |
Apr 30, 2015
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Seed | $170K | Information Technology | — |
Investor Name | Lead Investor | Funding Round |
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Yes | Series B |
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Yes | Convertable Note |
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— | Series B |
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— | Series B |
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— | Series B |
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— | Series B |
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— | Series B |
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— | Series B |
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— | Series B |
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— | Series B |