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About Propel
Industries
Data & Analytics
Government & Public Sector
Consumer Software
Social Impact
Company Size
51-200
Company Stage
Grant
Total Funding
$88M
Headquarters
New York City, New York
Founded
2014
Overview
Propel builds and operates a free mobile app called Providers that helps low‑income Americans manage welfare benefits, save money, and earn income. The app provides instant EBT balance checks, removing the need to call a help line, and offers personalized coupons, resources, and job postings that fit different schedules, from gig work to full‑time roles. Propel likely earns revenue through partnerships with businesses that supply the tailored deals and job opportunities featured in the app, while keeping the service free for users across all 50 states and 3 territories. A key goal is to raise awareness about Medicaid churn during post‑pandemic unwinding and to meet users where they already are to help them navigate the safety net more effectively.
Simplify's Take
What believers are saying
- 68% of users report improved financial health; 62% reach main financial goals using platform.
- Papa Murphy's pilot partnership expands merchant ecosystem; April Tax Solutions deepens financial wellness.
- EBT security features and fraud monitoring reduce theft risk, increasing user trust and retention.
What critics are saying
- EBT skimming theft surge erodes security claims; users migrate to state portals or competitors.
- Chime's SpotMe and cash advances directly undercut Propel's deals and job postings with instant liquidity.
- USDA blockchain-based EBT cards by 2027 render state portal scraping obsolete, forcing costly rebuild.
What makes Propel unique
- 5+ million users across all 50 states managing EBT, SNAP, WIC, and cash benefits in one app.
- Integrated job marketplace and exclusive deals from major retailers like Walmart, Amazon, Instacart.
- Free tax filing partnership with Code for America connecting users to federal tax credits.
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Funding
Total Funding
$88M
Above
Industry Average
Funded Over
5 Rounds
Andreessen Horowitz
Kleiner PerkinsBenefits
Generous vacation policy
Unlimited sick days
Medical, dental, & vision coverage
401k with employer match
16 weeks parental leave
New tech tools
Remote first
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 1%VANCOUVER, Wash., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Papa Murphy's Take 'n' Bake Pizza is pleased to announce a pilot partnership with Providers by Propel, the #1 app for EBT users to discover savings and effectively manage their benefits.
Banking-as-a-service firm Pathward and payments company Dash Solutions are giving their partnership another five years. And with that extended partnership, the companies announced in a news release Wednesday (Aug. 2), comes a new tool: SpendIT SendIT, which lets consumer payees use or move their funds to other accounts they own. “Together, we are tapping into an unmet need in embedded finance that few banks and payments providers have been able to solve for, and the solution aims to deliver swift disbursement and access to funds,” Pathward President Anthony Sharett said
Propel, an African startup headquartered in Berlin, has successfully raised €2.5 million in seed funding.
When simplified tax filing became an option in 2020, Propel, Inc partnered with Code for America to help connect Providers users to resources like getCTC in order to receive federal tax credits and stimulus payments.
April Tax Solutions Inc., calls itself a tech-powered tax platform that simplifies the filing process and integrates tax preparation into broader financial wellness, launched operations today, in partnership with leading financial institutions such as Propel.
There are no jobs for Propel right now.
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About Propel
Industries
Data & Analytics
Government & Public Sector
Consumer Software
Social Impact
Company Size
51-200
Company Stage
Grant
Total Funding
$88M
Headquarters
New York City, New York
Founded
2014
There are no jobs for Propel right now.
Find jobs on Simplify and start your career today