Startup profile for Propel: what they do, why they are interesting, stage (growth), industries, and links to our funding articles. Part of the Venture Capital Tracker startup directory.

Startup profile · funding coverage

Propel

Providers app helping low-income Americans manage SNAP/EBT benefits and financial tools.

Stage

growth

Status

private

Coverage

full

Why Propel is interesting

5M+ monthly users on #1 EBT app; aligns impact and business model for underserved fintech.

Key facts

  • a16z portfolio status: Active
  • Seed (2017): $4M led by a16z; Omidyar and Kevin Durant participated (TechCrunch)
  • Series B (2022): $50M led by Nyca; Kleiner and a16z re-upped (Medium)

Investors in our directory

Funds linked from Propel's profile — open a fund page for stage focus and related deal articles.

Industries

Generalist Technology

Industry hub pages are rolling out from our fund-derived baseline taxonomy.

Related funding articles

Venture Capital Tracker pieces that cover Propel's financing or category context.

Last updated: 2026-07-24