MOUNTAIN VIEW, Calif.--(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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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 [email protected]. 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.
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