Forage Raises $40M in Series B Funding Led by Mouro Capital

The round also saw participation from Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs.

Forage recently launched a free consumer app that helps low-income families securely check their EBT balances and earn rewards on everyday purchases. The new funding will be used to grow the app and strengthen the company’s payments infrastructure as it expands its services.

Forage helps retailers and online platforms accept government benefit payments, including SNAP, WIC, HSA and FSA. Its technology is used at more than 100,000 stores across the United States, including major retailers such as Dollar General, Gopuff and Save A Lot, as well as online platforms like DoorDash and Uber Eats.

To date, Forage has supported tens of millions of grocery orders for millions of American families, and its payment volume has increased 13 times over the past year.

Forage helps make the SNAP payment system more secure and efficient by reducing complexity and fraud. Its technology makes it easier for families to use their benefits, helps retailers and online platforms accept SNAP payments more easily, and supports government agencies in improving compliance while reducing waste.

"Dollar General's mission of Serving Others starts with showing up in the communities we call home, including the rural and underserved markets where other retailers either cannot or have chosen not to go," said Tony Rogers, Senior Vice President and Chief Marketing Officer at Dollar General. "Partnering with Forage to bring SNAP EBT acceptance online through our partnership with DoorDash extends that mission to our customers' doorsteps, ensuring the families who count on us for affordable essentials can enjoy the same accessibility and convenience, however they choose to shop."

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"I started using the Forage app, and so far I am really happy and honestly super impressed," said one app user in a Google Play review. "Sign up is a breeze, and uploading receipts is simple. I truly cannot say enough good things about this app!!"

Christopher Gottschalk, General Partner at Mouro Capital, said: "SNAP is one of the largest and most underserved payment ecosystems in the country. Forage has built the only modern infrastructure to serve it at scale. We've watched this team earn the trust of consumers, retailers, platforms, community groups, and government stakeholders. We believe Forage is defining this category, and we see even greater opportunities ahead."

"The cost of groceries is the number-one financial stressor in America," said Ofek Lavian, co-founder and CEO of Forage. "At Forage, we're building a network for affordability, making it easy for low-income Americans to save on groceries. At the same time, we're helping retailers grow by better serving the affordability needs of today's price-conscious shoppers."

About Forage

Founded in 2020 by Ofek Lavian and Victor Esteban Fimbres, Forage is a financial infrastructure platform focused on improving access to essential benefits for low-income families. The company helps retailers accept programs such as SNAP, WIC, HSA, and FSA through modern payment technology. Forage is also the only USDA-approved third-party payment processor that combines payment infrastructure with hands-on support to help retailers gain approval and launch benefit payments quickly.

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