Propel
PrivateLast Round
Grant
Aug 28, 2024
Est. Valuation
$500M
Total Funding Raised
$70.56M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Propel operates in FinTech and is based in Brooklyn, New York. Its latest recorded funding round was a Grant round in August 2024.
Propel is a fintech company that provides a mobile finance platform designed to help low-income individuals manage government benefits, track spending, and access financial resources.
Sector
FinTech
Verticals
Lending & Credit, Digital Banking, Credit Scoring
Business Model
B2B2C
Customer Profile
Services & Consulting, Data as a Service, Payment Processing Fee
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Propel Comparables
Compare Propel with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Elevate Credit | 84% | |
| OppFi Inc. | 81% | |
| Possible Finance | 81% |
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Propel Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Aug 28, 2024 | ||||
| Series B | Mar 8, 2022 | ||||
| Series A | Dec 14, 2018 | ||||
| Seed | Apr 27, 2017 | ||||
| Pre Seed | Jun 11, 2015 | ||||
Crowdfunding | Aug 1, 2014 |
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Key People
Founding team and executive leadership
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Propel Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Andreessen Horowitz | Series B, Seed, Series A |
| Financial Solutions Lab | Seed |
| SciFi Ventures | Seed |
| Salesforce Ventures | Series B |
| Flourish Ventures | Series B |
| Restive Ventures | Series A |
| Gates Foundation | Grant |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 24, 2026
Monthly visitors increased 54% MoM.
- Apr 27, 2026
Job posting indicates the company's marketplace is profitable.
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Recent news
Latest coverage and updates
- is_developingOct 21, 2026
Propel Inc. is developing tools, guidance, and communications to help SNAP households understand applicable requirements, complete critical steps, and respond when expected deposits do not arrive in New York on Oct 21st '26.
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Propel Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Propel's valuation, stock price, and market status.
Is Propel a public or private company?
Propel is a private company.
What is the current stock price of Propel?
Propel is a private company, so its shares have no public market price. Caplight tracks Propel's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Propel worth (valuation)?
Propel's valuation is estimated at $500.0M based on funding round data.
Can I buy Propel stock?
Propel shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Propel's last funding round?
Propel's most recent funding round was Grant on August 28, 2024.
Who are the main investors in Propel?
Key investors in Propel include Gates Foundation, The Bill & Melinda Gates Foundation Trust, Nyca Partners.
Will Propel IPO soon?
No public IPO plans have been announced for Propel.
How can I track Propel secondary market activity?
Caplight tracks bids, offers, and trades in Propel's shares on secondary markets.