Back to Portfolio OverviewABOUT
Propel builds modern, respectful, effective technology that helps low-income Americans improve their financial health.
CHALLENGE
Financial volatility is a fact of life in the American economy. Families who face financial hardship must navigate a set of tools that are fragmented, bureaucratic, techno-phobic, and expensive – at a time when they are most in need of world-class products and services to help them get back on their feet. Those experiences include both the public-sector safety net (e.g.,programs like food stamps, Medicaid) and private-sector products (e.g., check cashers, payday lenders).
SOLUTION
Propel builds software, including the Fresh EBT application, for low-income Americans who are often overlooked by traditional tech innovation.
FINANCIAL HEALTH FOCUS
Propel is focused on improving the system for low-income Americans by building a business that grows if – and only if – it helps more low-income Americans improve their financial health.
