Quotient Technology Teams up With Propel to Bring Digital Coupons to Millions of People on Food Stamps
December 19 2017 - 8:30AM
Business Wire
With the holiday season upon us, helping families in need
couldn’t be more important. Today, Quotient Technology Inc. (NYSE:
QUOT) announced a partnership with Propel, Inc. that brings digital
coupons to food stamp recipients who use Propel’s Fresh EBT app to
manage their benefits, increasing their ability to buy more food
for their families.
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the full release here:
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Quotient Partners with Propel to Bring
Digital Coupons to Food Stamp Recipients (Graphic: Business
Wire)
People who receive food stamps benefits can, for the first time,
easily access hundreds of digital coupons through Fresh EBT, a free
smartphone app that allows Electronic Benefit Transfer (EBT)
cardholders to check their balances, transaction history, add to
their digital shopping lists and more. (Fresh EBT is available for
participants in the Supplemental Nutrition Assistance Program, also
known as the food stamp program.)
The Fresh EBT app, first launched in January 2016, is now used
by more than one million people across the country each month.
“Forty-two million Americans - one in seven Americans - rely on
food stamps to feed their families,” said Jimmy Chen, CEO and
founder of Propel, which in April raised $4 million from venture
firm Andreessen Horowitz, the Omidyar Network, the Golden State
Warriors’ Kevin Durant, and hip-hop artist Nas. “The biggest
request we receive from families is how can we help them save money
on groceries. By teaming up with Quotient, the leader in digital
coupons and grocery savings, we’re making it possible for our users
to save money through Fresh EBT to feed their families.”
Fresh EBT users can now add digital coupons for groceries and
household items to their loyalty accounts at many grocery retailers
across the country, including Jewel-Osco, Safeway and Stop &
Shop, and a range of others. Shoppers simply enter their account
number—typically a phone number—at checkout and savings are
automatically applied.
“This holiday season is the perfect time to launch our
partnership with Propel,” said Steven Boal, Founder and Executive
Chairman of Quotient, which runs the popular Coupons.com app and
website. “A big part of our mission has also been to help people in
need as well as to help all shoppers save. Too many families are
living on the edge, and I’m thrilled that Quotient can help
Propel’s million — and growing — struggling families save extra
money on groceries.”
The digital coupons are delivered through the Quotient Retailer
iQ™ platform, which powers the digital savings programs at most
major grocers in the country as well as drug, mass and club stores.
The platform connects into a retailers’ point-of-sale system, and
uses purchase history and other proprietary data to personalize and
deliver relevant coupons. Shoppers have access to several hundreds
of dollars of savings a day, and, all told, about 40 percent all
U.S. households are registered to savings programs powered by
Quotient.
A recently published Harvard study showed that Fresh EBT helped
its users make their benefits last longer, underscoring the
importance of financial management tools for low income Americans.
Fresh EBT is available in all U.S. states and territories.
For more information, please contact press@quotient.com. To
download Fresh EBT, please visit the App Store or Google Play.
About Quotient
Quotient Technology Inc. (NYSE: QUOT) is a leading digital
promotions, media and analytics company that delivers personalized
digital coupons and ads—informed by proprietary shopper and online
engagement data—to millions of shoppers daily. Our core platform,
Quotient Retailer iQ™, connects to a retailer’s point-of-sale
system and provides targeting and analytics for consumer packaged
goods (CPGs) brands and retailers. Retailer iQ powers savings
programs that reach about 40% of all U.S. households. Our
distribution network also includes our Coupons.com app and website,
thousands of publishing partners and, in Europe, the Shopmium
mobile app. We also operate Crisp Media, which creates mobile ads
aimed at shoppers. We serve hundreds of CPGs, such as
Clorox, Procter & Gamble, General Mills and
Kellogg’s, and retailers like Albertsons Companies,
CVS, Dollar General, Kroger and Walgreens.
Founded in 1998, Quotient is based in Mountain View,
California, and has offices across the U.S., in Bangalore, India;
Paris and London. Learn more at Quotient.com, and follow us on
Twitter @Quotient.
About Propel
Propel is a software company that aims to make America’s safety
net more user-friendly. Founded by Silicon Valley technologists,
Propel deploys world-class software to fight poverty. Their free
smartphone app, Fresh EBT, empowers families who receive government
benefits like SNAP (food stamps) to manage their benefits and
improve their financial health. Fresh EBT is used by over a million
families across the country each month, and an independent study by
Harvard Business School showed that Fresh EBT prevented one day of
extreme hunger per month. Propel is supported by the Robin Hood
Foundation, Andreessen Horowitz, Omidyar Network, and the Center
for Financial Services Innovation. Learn more at joinpropel.com,
and follow us on Twitter at @FreshEBT.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171219005451/en/
QuotientTessa Chen, 949-701-3275Sr. Communications
Managerpress@quotient.comorPropelJimmy Chen,
913-206-6362Founder and CEOjimmy@joinpropel.com
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