Forage, a financial infrastructure platform focused on expanding access to government benefits, has successfully closed a $40 million Series B funding round. The investment was led by Mouro Capital and saw participation from notable firms including PayPal Ventures and Intuit Ventures. This new capital will be used to scale the company's recently launched consumer application and further develop its core payments infrastructure.
Modernizing Access to Essential Benefits
As a USDA-approved payment processor, Forage enables retailers to accept benefits like the Supplemental Nutrition Assistance Program (SNAP) and WIC through modern software solutions. The company has experienced significant growth, expanding its network to over 100,000 stores and increasing its payments volume thirteenfold in the last year. This rapid expansion highlights the strong demand for updated infrastructure in the government benefits space.
The platform's technology is utilized by major national retailers and delivery services, including Dollar General, DoorDash, and Uber Eats. Tony Rogers of Dollar General noted that partnering with Forage extends their mission of service by bringing online SNAP EBT acceptance to customers' doorsteps. This collaboration enhances accessibility and convenience for families who rely on these essential services.
A Strategic Investment in Financial Inclusion
Lead investor Mouro Capital views the investment as a strategic move into a large and underserved market. General Partner Christopher Gottschalk stated that Forage has built the only modern infrastructure to serve the SNAP ecosystem at scale. He praised the team for earning the trust of key stakeholders and for its role in defining the category.
Forage CEO Ofek Lavian emphasized that the company is building a "network for affordability" to address the high cost of groceries, a primary financial stressor for Americans. The funding will help the company better serve low-income families while enabling retailers to meet the needs of today's price-conscious consumers. This mission-driven approach was a key factor for investors participating in the round.
Expanding Reach with a New Consumer App
A significant portion of the new funding is allocated to Forage's new consumer application, a free tool designed for low-income families. The app allows users to securely check their EBT balances, discover savings, and earn rewards on everyday purchases. It also helps users find nearby stores that accept SNAP and identify eligible grocery items.
Launched in late 2025, the app has already achieved significant traction with over 100,000 downloads. The company has set an ambitious goal to reach one million low-income families through the app by the end of 2026. This direct-to-consumer tool complements Forage's core infrastructure business by directly empowering benefit recipients.
This $40 million investment marks a pivotal moment for Forage, empowering its dual mission of enhancing its B2B payments platform and growing its consumer-facing app. The funding solidifies the company's position as a critical link between government assistance programs and the modern digital economy. Forage is now better equipped to reduce friction for millions of American families accessing essential benefits.