How much funding has Propel raised?

Propel has raised $116.8M in total funding, most recently a Series B round.

Who are Propel's investors?

Propel's investors include Andreessen Horowitz, Nyca Partners, Kleiner Perkins, Flourish Ventures, Omidyar Network, The Durant Company.

Where is Propel headquartered?

Propel is headquartered in New York, New York, United States.

What industry is Propel in?

Propel operates in Fintech, Healthcare, Apps.

Propel

Your benefits, made easier.

New York, United States · Founded 2014 · $116.8M raised

Fintech

Healthcare

Apps

Headquarters: New York, New York
Employees: 51–200
Founded: 2014
Business Model: B2B2C

Website: joinpropel.com
Total Funding: $116.8M
Last Round: $50.0M Series BSep 2022
Rounds: 4

About

Propel operates the Providers app, the #1 EBT benefits management app used by over 5 million low-income Americans. The app helps users check SNAP and EBT balances, access exclusive discounts, manage benefits notifications, and build financial health through a suite of tools including mobile banking and a jobs board. Propel's mission is to improve financial health for Americans with low income.

Summary

Propel is a Fintech company based in New York, United States, founded in 2014. It has raised $116.8M in total across 4 rounds, most recently a $50.0M Series B round in Sep 2022. Investors include Andreessen Horowitz, Nyca Partners and Kleiner Perkins.

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