JPMorgan Chase and Salesforce Ventures took part in financial services provider Propel's $50m series B round while prayer app developer Glorify closed its second $40m round in three months.

Funding

Propel, a US-based provider of financial services targeted at low-income families, has secured $50m in a series B round that included financial services group JPMorgan Chase and Salesforce Ventures, the investment arm of enterprise software producer Salesforce, Forbes reported yesterday. Nyca Partners led the round, which was also backed by fellow venture capital firm Andreessen Horowitz.

Telecommunications and internet group SoftBank led a $40m series B round for Glorify, the US-based creator of a social prayer app, through its…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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