Propel
Brooklyn, New York, United States
How Propel hit $14.6M revenue with a 109 person team in 2023.
Propel is a mission-driven organization committed to enhancing the financial well-being of low-income Americans through innovative technology. Its flagship application, Fresh EBT, supports nearly 2 million households in efficiently managing and budgeting their food stamp benefits. Users can effortlessly check their EBT card balance, review transaction history, and discover savings with local deals. As a rapidly expanding, profit-oriented, and venture-capital-funded software company, Propel integrates its social mission at its core. Its roster of esteemed investors includes Andreessen Horowitz, the Omidyar Network, Kevin Durant, Max Levchin, and Nas, reflecting a strong endorsement from the tech and entertainment sectors. Propel's notable contributions and impact have been acknowledged in prominent publications such as The New York Times, Forbes, PBS, Wired Magazine, and Fast Company, underscoring its significant role in leveraging technology to foster social good.
2014
Founded
$14.6M
2023 Revenue
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YOY
$18.2M
Funding
Propel Revenue
In 2023, Propel revenue run rate hit $14.6M in revenue.
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2023
Propel hit $14.6M in revenue in 2023
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2014
Propel launched in 2014 with $0 revenue
Propel Funding History
No funding has been reported for Propel yet.
Team
Propel has 109 total employees.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 109 |
Founder / CEO
Jimmy Chen
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Propel Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jimmy Chen | CEO | - | - |
Propel Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jimmy Chen | CEO | - | - |
Frequently Asked Questions about Propel
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When was Propel founded?
Propel was founded in 2014.
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How much revenue does Propel generate?
Propel generates $14.6M in revenue.
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Who is the CEO of Propel
The CEO of Propel is Jimmy Chen.
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How much funding does Propel have?
Propel raised $18.2M.
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How many employees does Propel have?
Propel has 109 employees.
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Where is Propel headquarters?
Propel is headquartered at Brooklyn, New York, United States
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