Xcout IntelPropel It Inc.
Propel It Inc. provides a mobile application that allows government benefit recipients to check their EBT balances and transaction history. The platform also offers security features to protect against fraud, benefit updates, job listings, and discounts on everyday essentials.
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Propel It Inc. at a glance
Propel It Inc. is a financial technology company headquartered in United States. It has raised at least $10.8M across the 2 funding rounds on record. Its most recent funding round, Series A, raised $10M in March 2026. Xcout tracks 3 named people at Propel It Inc., including Ray Hein (Founder and CEO).
Propel It Inc. leadership
- Ray HeinFounder and CEO
- Brian SohmersCo-founder
- Ron HessCo-founder
Propel It Inc. funding rounds
At least $10.8M raised across the 2 rounds on record. Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Series A | $10M | 4 named | |
| SEC Form D filing | $750,000 | — |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
Investors
Propel It Inc. competitors
A few of Propel It Inc.'s closest competitors — see the full list of competitors and alternatives →
Propel Holdings Inc. is a financial services company based in Ontario, Canada. It focuses on facilitating access to credit for underserved consumers.
PayIt Holdings, LLC is a software company headquartered in Kansas City, MO. The company's website, payitgov.com, suggests it provides government-related services.
EarnIn provides financial technology products and services for individuals, including earned wage access, early direct deposits, balance protection, credit monitoring, and savings tools. The company also offers payroll and wellness benefit solutions for businesses.
Klover Holdings, Inc. provides a mobile financial application that offers users zero-interest cash advances and budgeting tools. The platform serves consumers seeking short-term liquidity before payday by allowing them to access cash advances without credit checks, alongside features for tracking credit scores, setting savings goals, and earning points through surveys.
Bolster provides a mobile application that helps individuals manage their personal finances and credit health. The platform offers tools to dispute credit report errors, analyze spending habits, and receive customized financial recommendations.
Fincretive LLC provides a universal processor gateway and API that enables independent grocers and local retailers to accept Medicare and Medicaid over-the-counter and healthy benefit card (OTC/HBC) transactions. The company's platform features real-time product filtering, data analytics, and point-of-sale integration to help retailers capture new revenue and streamline benefit program compliance.
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More on Propel It Inc. in Xcout Intel
- 3 named people with titles, LinkedIn and board committees
- 2 funding rounds with the investors in each, and who they co-invest with
- The full competitor set, tracking, exports and API access