Tech Company Financing Transactions
Propel Funding Round
Propel, based in Brooklyn, secured $50 million from Andreessen Horowitz, JPMorgan Chase Bank and Nyca Partners.
Transaction Overview
Company Name
Announced On
3/8/2022
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Proceeds Purpose
Series B funding will go towards further developing and expanding this debit card service, which provides another source of income for the start up through interchange fees.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
397 Bridge St. 8th Floor
Brooklyn, NY 11201
USA
Brooklyn, NY 11201
USA
Phone
Undisclosed
Website
Email Address
Overview
Propel builds software that makes America's safety net more user-friendly. Its core product, Fresh EBT, is a free smartphone app that allows EBT cardholders to manage their benefits, plan their grocery shopping, and save money on food.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jimmy Chen
Chief Operating Officer
Jeff Kaiser
Chief Technical Officer
Ram Mehta
VP - Bus. Development
Hannah Ma
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