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Propel

Fintech · New York City, United States · Founded 2014

Propel builds software for low-income Americans who are often overlooked by traditional tech innovation MoreLess

Propel is a tech startup that aims to make America's safety net more user-friendly. It operates in the social welfare sector, specifically targeting low-income Americans who are often overlooked by traditional tech innovation. Propel's primary product is a free mobile app called Providers, which is used by over 5 million people across all 50 states and 3 territories.

The Providers app is designed to help users manage their benefits, save money, and earn income. It offers instant EBT balance-checking, eliminating the need for users to call a 1-800 number. The app also provides tailored offers, such as coupons and resources, to help users stretch their resources throughout the month. Additionally, it presents job postings that suit different schedules, from quick gigs to full-time work, providing new opportunities for users to earn and advance.

Propel's business model is centered on providing a free service to its users while likely generating revenue through partnerships with businesses that offer the tailored deals and job opportunities featured on the app.

In 2023, Propel took on the responsibility of raising awareness about the risk of Medicaid churn due to post-pandemic Medicaid "unwinding", which led to millions of Americans losing healthcare. Through the Providers app, Propel aims to help users navigate this issue by meeting them where they already are.

Keywords: Tech Startup, Low-Income Americans, User-Friendly, Mobile App, Providers, EBT Balance-Checking, Tailored Offers, Job Postings, Medicaid Churn, Social Welfare.

Valuation $100–500M
Revenue $10–50M
Headcount 100–500
Total funding $50–100M
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Propel and the history behind them.

Talent graph

Propel's talent

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Employees mapped 126 incl. 4 AI specialists
Founders Hidden — book a demo/100 quality score
Key operators 7 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

19 investors on Propel's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Seed 3 investors entered at this stage
WinWin Ventures
Financial Solutions Lab
Bill & Melinda Gates Foundation
Series A 14 investors entered at this stage
Omidyar Network
Durant Company
Andreessen Horowitz
SciFi VC
Nyca Partners
Thirty Five Ventures
Alexa von Tobel
Kleiner Perkins
Jared Leto
Flourish Ventures
Serena Ventures
Inspired Capital
JPMorgan Chase & Co
Salesforce Ventures
Series B+ 2 investors entered at this stage
Salesforce Ventures
JPMorgan Chase & Co

Global footprint

Where Propel has talent and traffic

Workforce by country
3 countries with
team presence
🇺🇸 United States98.1%
🇪🇸 Spain1%
🇩🇪 Germany1%
3 countries shown
Web traffic by country
990K monthly visits
across markets
🇺🇸 United States96.6%
🏳️ Puerto Rico0.9%
🇮🇳 India0.4%
🇨🇦 Canada0.4%
🇬🇧 United Kingdom0.3%
Top 5 markets shown

Market sentiment

What the market is saying about Propel

An AI-synthesized read of the highest-engagement posts about Propel on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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