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
S2 Ep 17: Space Tourism with Space Perspective CEO Jane Poynter
S2 Ep16: How Shortwave is Rethinking Email And Improving Customer Experience, With Andrew Lee
S2 Ep15: How SESO is Solving a Multi-Billion Dollar Agriculture Problem, With Michael Guirguis
S2 Ep14: Mmhmm — Product Design 101
S2 Ep13: How Swaypay is Bypassing The Cold Start Problem on TikTok
S2 Ep12: How Fruitful Creates Financial Freedom Through its Membership Model
S2 Ep11: How Rho is Taking The Friction Out of Finances With Killer Financial Software
S2 Ep10: How Delphia is Building an AI Oracle
S2 Ep 9: How Vendia is Fixing Broken Supply Chains With Blockchain
S2 Ep8: How Colossal Biosciences is Bringing Back The Wooly Mammoth
S2 Ep7: Pipedream: A Moonshot Pipe Delivery Company
S2 Ep5: Eco: How to Onboard The Next Billion Crypto Users with Andy Bromberg, CEO
S2 Ep4: Why Graphite is Changing The Game for Engineers With Tomas Reimers and Greg Foster.
S2 Ep3: Switchboard: The Masterclass You Need on Product-Led Growth, With Amir Ashkenazi
S2 Ep2: Composer: How to Templatize Trading With Ben Rollert and Ananda Aisola
S2 Ep1: Empire DAO: How to Build a Web3 Community, With Mike Fraietta
How Dune Became a Billion Dollar VC Success Story
How Revel is Leading The Electric Transport Revolution
Guardian Ag: How VC-Backed Drones Are Revolutionizing Crop Spraying
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show