Brooklyn, NY – According to filings with the U.S. Securities and Exchange Commission, Propel Inc. is raising $55,515,245.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Jimmy Chen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Propel Inc.
Propel’s mission is to enable Americans with low income to improve their financial health. Propels free app, Providers (formerly Fresh EBT), is used by over five million Americans across the country each month. Propel is a for-profit company, originally founded through a fellowship at Blue Ridge Labs Robin Hood Foundation. Propels investors include nonprofits, mission-oriented investors, and top-tier venture capitalists: Financial Health Network, Andreessen Horowitz, Nyca Partners, Flourish Ventures, Kleiner Perkins, and more. Propel is based in Brooklyn, N.Y.

To learn more about Propel Inc., visit http://www.joinpropel.com/

Contact:
Jimmy Chen, President and Chief Executive Officer
267-279-9623
jimmy@joinpropel.com
https://www.linkedin.com/in/jimmychen1/

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