Forage, the mission-driven financial infrastructure platform modernizing the payments ecosystem behind government benefit programs, has announced a $40 million Series B funding round led by Mouro Capital, with participation from Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs.
The funding will be used to scale Forage’s newly launched consumer app and expand the company’s payments infrastructure. Forage has grown its payment volume 13 times over the last year and has facilitated tens of millions of grocery orders to millions of American families.
Forage has made it easy for retailers and platforms to accept government benefits including SNAP, WIC, HSA, and FSA, with its payments technology now used at more than 100,000 stores across all 50 states. Retail partners include Dollar General, Gopuff, and Save A Lot, alongside online platforms such as DoorDash and Uber Eats. Forage is the only USDA-approved third-party payment processor combining modern software with dedicated service to guide retailers through authorization and launch. The company said the infrastructure powering SNAP was not built for the digital era, leaving millions of families unable to securely check their balances in real time, shop at many online retailers, or access the same convenience available to other consumers.
Alongside the funding, Forage launched a free consumer app that enables low-income Americans to securely check their EBT balances, discover savings and earn rewards on everyday purchases, find nearby SNAP-accepting stores and online retailers, check which items are SNAP-eligible by state, and access financial health tools. Since its late 2025 launch, the app has been downloaded more than 100,000 times, and Forage aims to reach one million low-income families through the app by the end of 2026. The urgency is significant: nearly one in eight Americans — approximately 40 million people — rely on SNAP to meet their nutritional needs, and 53% of American adults in a recent survey identified high grocery prices as their top financial stressor.
KEY QUOTES:
“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.”
Ofek Lavian, Co-Founder and CEO, Forage
“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.”
Christopher Gottschalk, General Partner, Mouro Capital
