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S2 Ep6: Propel: Upgrading American Government
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Meet the founder building a fintech business to upgrade government.
Propel is building the banking app for the 42M Americans on food stamps. The US government deploys $70 billion a year into food stamps and it doesn’t have a website where users can check their balance. Propel is changing that and building a killer business at the same time.
Jimmy has onboarded nearly 5 million users on less than $20M in venture capital - wildly capital efficient for a neobank. Now he’s building out a recruiting platform to help users find jobs, an advertising platform, and an all-in-one banking app.
Jimmy talks to Joe about how entrepreneurs can work with government and why people in the tech sector have failed to build products for Propel’s customer base - missing massive opportunities in the process.
If you’re growing fast, like Propel, and need marketing talent on board, check out MarketerHire. Using advanced AI tech and a thorough vetting process MarketerHire will match your business with a top-tier marketer and they’ll do it quickly. Get signed up today and find your marketing professional at marketerhire.com
Follow Jimmy
Twitter: https://twitter.com/jimmychen
Check out the Just Raised newsletter: https://bit.ly/3Ghj2tY
Stay up-to-date on all things Just Raised: https://workweek.com/brand/just-raised/ or follow Joe Sweeny on Twitter: twitter.com/JoeySweeny
And if you’re a fan of Acquired, Invest Like The Best, Business Breakdowns or 20VC, you’ll love Just Raised
83 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 21:34 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 330415030 series 2822539
Meet the founder building a fintech business to upgrade government.
Propel is building the banking app for the 42M Americans on food stamps. The US government deploys $70 billion a year into food stamps and it doesn’t have a website where users can check their balance. Propel is changing that and building a killer business at the same time.
Jimmy has onboarded nearly 5 million users on less than $20M in venture capital - wildly capital efficient for a neobank. Now he’s building out a recruiting platform to help users find jobs, an advertising platform, and an all-in-one banking app.
Jimmy talks to Joe about how entrepreneurs can work with government and why people in the tech sector have failed to build products for Propel’s customer base - missing massive opportunities in the process.
If you’re growing fast, like Propel, and need marketing talent on board, check out MarketerHire. Using advanced AI tech and a thorough vetting process MarketerHire will match your business with a top-tier marketer and they’ll do it quickly. Get signed up today and find your marketing professional at marketerhire.com
Follow Jimmy
Twitter: https://twitter.com/jimmychen
Check out the Just Raised newsletter: https://bit.ly/3Ghj2tY
Stay up-to-date on all things Just Raised: https://workweek.com/brand/just-raised/ or follow Joe Sweeny on Twitter: twitter.com/JoeySweeny
And if you’re a fan of Acquired, Invest Like The Best, Business Breakdowns or 20VC, you’ll love Just Raised
83 episodes
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