Forage

Forage

USDA-approved cloud-based EBT online processor

Overview

Forage offers a cloud-based EBT payment service that lets businesses accept online SNAP payments with smooth checkouts. It operates a secure platform for EBT transactions, featuring PCI-compliant fraud protection, a merchant dashboard for scaling online EBT operations, and SNAP experts to help merchants obtain USDA approval more quickly. Forage is one of only three providers approved by the USDA to process online EBT SNAP payments, which helps it stand out in reliability and regulatory alignment. Its model likely charges fees per transaction or via subscription for access to these services. The company’s goal is to make online EBT acceptance easier, safer, and scalable for merchants, enabling them to reach more customers who use SNAP.

YC Company

About Forage

Simplify's Rating
Why Forage is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Cybersecurity

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$62.1M

Headquarters

Los Angeles, California

Founded

2020

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Simplify's Take

What believers are saying

  • June 3, 2026 Series B raised $40M from Mouro, Nyca, PayPal, Intuit.
  • Forage's consumer app passed 100,000 downloads since late 2025.
  • DoorDash, Uber Eats, and Southeastern Grocers broaden SNAP delivery adoption.

What critics are saying

  • Status pages show repeated 2026 outages and maintenance, including Louisiana's May 29, 2026 incident.
  • USDA SNAP authorization limits rivals to Fiserv, Worldpay, and Forage, keeping regulation centralized.
  • SNAP policy changes or state processor swaps wipe revenue when merchant volumes shift.

What makes Forage unique

  • USDA-approved third-party processor with Adyen integration in January 2026.
  • EBT Outage Recovery on August 18, 2026 rescues carts during network failures.
  • 100,000-store footprint across 50 states gives unique SNAP distribution reach.

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Funding

Total Funding

$62.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$40M
Forage
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-2%
Forage
Aug 18th, 2026
Rescue abandoned carts with EBT Outage Recovery.

Rescue abandoned carts with EBT Outage Recovery. Jack Stewart Head of Product Aug 18, 2026 When the EBT network goes down, your customers can't check out. It's a bad experience for them, and it results in lost revenue for you. But what if there were a way to rescue some of those abandoned carts? That's why Forage, Inc. built EBT Outage Recovery. It's a first-of-its-kind feature that helps make EBT network outages less painful. It lets shoppers know what's going on and helps them complete their checkout when the network is restored. Understanding the problem. EBT network outages happen for a number of reasons. Some outages are planned: state agencies and payment processors occasionally schedule updates in the evening or over the weekend. Others are unplanned: technical glitches and vendor issues can take the network online for minutes or hours. You can't control the outages or how long they last. But you can make it a better experience for your customers. Think about it from your customer's point of view. They don't know there's an outage; they just know their payment didn't go through. They may think their benefits have been stolen, or that the store's EBT systems are unreliable. Under normal circumstances, they'll abandon their carts, and many won't come back. Whose fault is it? As a payment processor, Forage doesn't control the EBT network. Forage, Inc. is impacted by outages, same as you. Historically, Forage has maintained 99.99% uptime, and you can always check its status page to determine whether Forage, Inc. is the source of the issue. If you let your customers know what's going on, they won't need to turn to sites like Reddit for answers. Rescue abandoned shopping carts. With EBT Network Updates, you can make these outages less painful. Every rescued cart is revenue that would otherwise have been lost. * If the EBT network is down when one of your customers tries to check out, Forage will automatically detect the outage and display a clear message letting them know what's going on. * Forage, Inc.'ll let them know that it's not their fault - and not yours, either. * As a next step, the customer can opt into a text message that will alert them when the network is back online. * When they receive the text message, they'll have an opportunity to return to their shopping cart so they can finish checking out. Launch in a week or less. Shoppers who feel taken care of during an outage will come back. Shoppers who don't will shop elsewhere - and, too often, they won't return. EBT Network Updates is now available to all Forage partners. Integration takes zero to a few hours of developer time, depending on your Forage integration, and its team will work with you to make sure the experience matches your brand and fits seamlessly into your checkout flow. Want to see where network updates fit into your shopper journey? Reach out to your account manager for a walkthrough.

FinSMEs
Jun 3rd, 2026
Forage raises $40M in Series B funding.

Forage raises $40M in Series B funding. June 3, 2026 Forage, a San Francisco, CA-based financial infrastructure platform provider, raised a $40M in Series B funding. The round was led by Mouro Capital, with participation from Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs. The company intends to use the funds to scale its app and expand the its payments infrastructure. Led by CEO Ofek Lavian, Forage expands financial access for low-income families, supporting retailers to accept benefits like SNAP, WIC, and HSA/FSA. It is USDA-approved, third-party payment processor (TPP) that combines modern software with dedicated service to guide retailers through authorization and launch. Forage also recently launched its new consumer app, a free tool that helps low-income families securely check their EBT balances and get rewarded for everyday purchases. Since launch in late 2025, the app has been downloaded over 100,000 times Don't just read the news. Own the data. Stop manually tracking deals. Access this round and over 100 others this week - in our structured Master Database (XML) + Weekly Intelligence PDF. [Access FinSMEs Intelligence Hub] 03/06/2026

StreetInsider
Jun 3rd, 2026
Forage raises $40M to help low-income families save on groceries

Forage, a financial infrastructure platform for government benefits, has raised $40 million in a Series B round led by Mouro Capital, with participation from Nyca Partners, PayPal Ventures, Intuit Ventures and others. The company's payments technology is now used at over 100,000 stores across all 50 US states, including Dollar General, Gopuff and DoorDash, facilitating government benefit payments like SNAP and WIC. Forage recently launched a consumer app helping low-income families check electronic benefits transfer balances and access rewards. Downloaded over 100,000 times since late 2025, the app aims to reach one million families by year-end 2026. The company has grown payments volume 13-fold over the past year, serving the nearly 40 million Americans who rely on SNAP benefits.

Boland Hill Media, LLC
Jan 20th, 2026
Forage Partners With Adyen to Process SNAP Payments

Forage partners with Adyen to process SNAP payments. Forage Technology Corporation Inc. has partnered with Adyen NV to enable Adyen merchants in the United States to accept SNAP EBT payments. Some 42 million U.S. consumers receive the benefits. SNAP, short for the Supplemental Nutrition Assistance Program, is a federal assistance program administered by the U.S. Department of Agriculture's Food and Nutrition Service that provides food benefits to low-income individuals and families. San Francisco-based Forage will support mixed-basket flows, secure PIN entry for purchases, and EBT-specific refund handling for Adyen merchants. Mixed-basket flows occur when a shopper purchases SNAP-eligible groceries, such as food, and non-eligible items, such as soap, as part of the same transaction. In these instances, shoppers pay with their EBT card for the eligible portion and use another payment method for the rest, without having to separate items at the register and purchase them separately. Adyen merchants are expected to begin rolling out the service early this year, Forage says. Since 2019, the number of SNAP households using their benefits online has soared from 35,000 to more than 12 million, according to Forage's Web site. In addition, merchants accepting EBT payments through Forage have grown sales by more than 15%. Investors in Forage include PayPal Holdings Inc. and FIS Inc. "This integration enables merchants to expand access to SNAP customers while preserving a single, consistent operational and reporting experience across all payment methods - reinforcing our commitment to our customers," Pearse O'Flynn, global head of platforms, F&B and hospitality, for Amsterdam-based Adyen, says in a statement. In 2022, the USDA named Forage the third payment processor for the SNAP program, joining Fiserv Inc. and Worldpay LLC, which at the time was part of by FIS. Last April, Global Payments Inc. agreed to purchase Worldpay for $22.7 billion.

Benzinga
Apr 8th, 2025
Meet Qian Yun Chen: The Fintech Innovator Reshaping Digital Payments

In an era where artificial intelligence and cryptocurrency are reshaping the financial landscape, veteran fintech expert Qian Yun (Tina) Chen stands out as a transformative force in digital payments. With an impressive track record spanning nearly a decade, she has emerged as a key architect of next-generation payment solutions across major tech and financial institutions.After launching her career in Canada’s burgeoning fintech scene, Ms. Chen made a strategic move to Mastercard’s U.S. headquarters, where she began carving out her niche in payment innovation. Her trajectory soared from there, from scaling payment systems to realizing $120 million in savings over two years at Uber to driving innovation at Citibank’s Spring by Citi and ultimately joining Forage as a key member of the founding team, helping grow annual revenue by over 300%. “Innovation thrives through iteration,” Ms. Chen emphasizes, which is a philosophy that has guided her approach to tackling some of fintech’s most pressing challenges

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