01 June 2022 |
S2 Ep6: Propel: Upgrading American Government
By Joe Sweeny
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
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