[ Propel raises $4M in Seed ]
Propel has raised $4 million in Seed funding.
Founded in 2014, Propel provides a free app, called Fresh EBT, which allows EBT cardholders to manage their benefits, plan their shopping trips, save money on groceries, and connect to other essential resources.
The company is using the funds to continue to scale operations.
|City||Brooklyn, New York|
|Founder / CEO||Jimmy Chen|
|Financial Solutions Lab|
|Previous Investors||Financial Solutions Lab|
|Center for Financial Services Innovation (CFSI)|