Propel
Signal active
Organization
Contact Information
Overview
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.
About
Industries
Financial Services, Finance, FinTech
Founded
2014
Employees
101-250
Headquarters locations
New York, United States, North America
Social
N/A
Profile Resume
Propel headquartered in New York, United States, North America, operates in the Financial Services, Finance, FinTech sector. The company focuses on Financial Services and has secured $4.9B in funding across 72 round(s). With a team of 101-250 employees, Propel is actively contributing to advancements in Financial Services. Their latest funding round, Seed Round - Propel, raised $1.1M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
Funding rounds
7
Investors
2
Lead Investors
0
Total Funding Amount
$68.2M
Details
5
Propel has raised a total of $68.2M in funding over 5 rounds.
| Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
|---|---|---|---|---|
| 2022 | Early Stage Venture | 50.0M | ||
| 2022 | Early Stage Venture | |||
| 2017 | Seed | 4.0M | ||
| 2015 | Seed | 1.1M |
Investors
Propel is funded by 43 investors.
| Investor Name | Lead Investor | Funding Round | Partners |
|---|---|---|---|
| Financial Health Network | - | FUNDING ROUND - Financial Health Network | 250.0K |
| Financial Solutions Lab | - | FUNDING ROUND - Financial Solutions Lab | 1.1M |
| Propel | - | FUNDING ROUND - Propel | 1.1M |
| WinWin Ventures | - | FUNDING ROUND - WinWin Ventures | 1.1M |
Recent Activity
There is no recent news or activity for this profile.