Forage, a US-based financial infrastructure platform focused on government benefits payments, has closed a $40m Series B funding round to scale its consumer app and expand its payments technology.
The round was led by Mouro Capital, with contributions from Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs. Alongside the raise, the company has launched a free consumer app designed to help low-income families check their electronic benefits transfer (EBT) balances and earn rewards on everyday spending.
The new capital will be deployed to grow the app’s user base, with Forage targeting one million low-income families through the platform by the end of 2026. Since launching in late 2025, the app has already been downloaded more than 100,000 times. Beyond balance checking and rewards, the tool enables users to locate nearby and online stores accepting SNAP, identify which items qualify for benefits by state, and access broader financial health resources.
Forage’s underlying technology enables retailers and digital platforms to accept a range of government benefit programmes, including the Supplemental Nutrition Assistance Program (SNAP), Women, Infants, and Children (WIC), Health Savings Accounts (HSA), and Flexible Spending Accounts (FSA). Its infrastructure is now active across more than 100,000 stores in all 50 US states, with partners including Dollar General, Gopuff, Save A Lot, DoorDash, and Uber Eats. The company reports that payments volume has grown 13x over the past year, with tens of millions of grocery orders processed for millions of American households.
The funding comes against a backdrop of significant financial pressure on low-income households. A recent survey found that 53% of American adults regard high grocery prices as their primary financial stressor — ranking above housing, healthcare, and childcare. Forage argues that the existing SNAP infrastructure has failed to keep pace with the digital era, leaving millions of beneficiaries without real-time balance access or the ability to shop across many online platforms.
Forage co-founder and CEO Ofek Lavian said, “The cost of groceries is the number-one financial stressor in America. 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.”
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