Company Information

Get to know Propel Money

Propel, Inc. is a for-profit public benefit corporation founded with the mission to build modern, respectful, and effective financial tools for Americans in need. Its flagship product is the "Providers" app (formerly known as Fresh EBT), a free mobile application that allows users to check their EBT (Electronic Benefit Transfer) card balance, view their transaction history, and access other resources such as job listings and discounts. In addition to EBT management, the company also offers the Providers Card, a free Mastercard debit account, to provide users with a modern banking solution. Propel is venture-backed and aims to create a more user-friendly and dignified experience for navigating social safety net programs.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Propel Money

India

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.