Forage Raises a $40M Series B to Scale Its SNAP and Government-Benefits Payments Infrastructure and New Consumer App

Key Takeaways

• $40M Series B led by Mouro Capital fuels infrastructure scaling
• Technology now active in over 100,000 stores nationwide
• New consumer app to launch late 2025, targeting 1M families
• Partnerships include Dollar General, Gopuff, DoorDash, Uber Eats

Pulse Analysis

The United States’ SNAP and other government‑benefits programs have long relied on antiquated point‑of‑sale systems that struggle with today’s e‑commerce expectations. Forage’s cloud‑native stack replaces legacy hardware with APIs that integrate directly into retailer checkout flows, allowing instant verification of benefits and real‑time balance updates. By embedding these capabilities across a national footprint, the company bridges a critical gap between federal assistance programs and the digital shopping experience, a gap that has grown more pronounced as low‑income households increasingly shop online.

The $40 million Series B injection, led by Mouro Capital, gives Forage the runway to scale its backend infrastructure and deepen relationships with high‑volume partners. Retailers such as Dollar General and delivery platforms like DoorDash benefit from reduced transaction friction, higher conversion rates, and richer analytics on benefit‑driven spend. Forage’s model also creates a new revenue stream through transaction fees and data services, positioning it as a strategic fintech layer within the broader retail ecosystem. The capital will support engineering hires, compliance upgrades, and expanded support for additional benefit programs beyond SNAP and WIC.

Looking ahead, the upcoming free consumer app represents a direct‑to‑consumer thrust that could reshape how low‑income families manage their benefits. By offering real‑time EBT balance checks, store locators, and item eligibility filters, the app empowers shoppers to make informed purchasing decisions and reduces the stigma often associated with benefits usage. If Forage reaches its goal of one million users by 2026, it will generate a sizable data set that can inform policy makers and retailers alike, potentially driving more inclusive product assortments and targeted outreach. The initiative underscores a broader trend: fintech solutions are increasingly being leveraged to enhance financial inclusion and modernize public‑sector payment infrastructures.