Cambrian Fintech with Rex Salisbury cover image

Cambrian Fintech with Rex Salisbury

Building Propel with Jimmy Chen, Founder & CEO

Jul 10, 2023
Propel, founded by Jimmy Chen, aims to improve America's safety net by making government benefits more accessible. They started with SNAPs, now offer a full money app. Propel serves over 5 million people in all 50 states. The podcast explores the challenges faced by low-income individuals and the company's evolution into a mobile banking and benefits info provider. It also discusses the impact of the platform's cash transfer program and partnerships with nonprofits.
35:29

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Podcast summary created with Snipd AI

Quick takeaways

  • Propel revolutionizes America's safety net with user-friendly Snap program for balance checks via smartphones.
  • Propel's financial evolution transcends Snap benefits to a comprehensive money app tailored to users' needs.

Deep dives

Empowering Low-Income Families Through Financial Innovation

Propel, founded by Jimmy Chen, strives to revolutionize the American safety net, starting with the user-friendly Snaps program that offers balance checks via smartphones. Over 5 million users across all states benefit from Propel's all-in-one money app, transforming into a comprehensive financial tool beyond Snaps.

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