Forage Raises $40M Series B

Forage, a San Francisco-based financial infrastructure platform, has announced a $40 million Series B funding round. The company provides a mission-driven payment processing solution that enables retailers to accept government benefits, including SNAP, WIC, HSA, and FSA.

Investors

The funding round was led by Mouro Capital. Additional investors included Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs.

Forage Use of Funds

Forage plans to use the new capital to scale its recently launched consumer mobile app and to further expand its core payments infrastructure.

About Forage

Founded in 2022, Forage is led by co-founder and CEO Ofek Lavian. The company provides a USDA-approved third-party payment processor that helps retailers and platforms integrate government benefits into their payment systems. The company also offers a consumer-facing app that assists low-income families with managing EBT balances, finding retailers, and accessing grocery savings.

Funding Details

Company Website: https://joinforage.com

Company: Forage
Raised: $40M
Round: Series B
Funding Date: June 3, 2026
Lead Investor: Mouro Capital
Additional Investors: Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, FJ Labs
Company Website: www.joinforage.com
Software Category: Fintech
Source: https://www.prnewswire.com/news-releases/forage-raises-additional-40m-to-help-low-income-families-save-on-groceries-302789551.html