Washington Post: Power Up – Nonprofits step up as Treasury Department scrambles to deliver coronavirus stimulus payments

Washington Post: Power Up – Nonprofits step up as Treasury Department scrambles to deliver coronavirus stimulus payments

In partnership with GiveDirectly, our portfolio company Propel leveraged their database of more than 500,000 daily active users to identify Americans who are struggling to make ends meet amid COVID-19. Using Propel’s Fresh EBT app, hundreds of low-income users will receive a one-time $1,000 payment which they can use to buy groceries, pay bills, and more.

President and co-founder of GiveDirectly, Michael Faye, says “80 percent of these people will have lost work or received a reduction in wages…The urgency of the crisis cannot be understated. The difference between getting someone a check — or buying a load of groceries now versus waiting a month or so is pretty meaningful.”

Read more about their efforts in the Washington Post.