Propel is a $100M seed fund that spun out of BBVA's corporate venture program, with both general partners coming from Visa, BBVA, and Silicon Valley Bank, giving them insider understanding of how large financial institutions actually buy and implement technology. The fund leads pre-seed and seed rounds with $1-4M checks for execution-focused founders building companies that sell into slow, risk-averse banks and enterprises, particularly targeting the structural gap between what financial incumbents need and their ability to build it themselves.