We just raised $40M to solve America’s affordability crisis.
Groceries are the #1 financial stressor in America. Food prices are up 30% since the pandemic. For the 100 million Americans earning under $50K, the money runs out before the month does.
To fix it, Forage is building a network for affordability:
1. For families, we’re building a suite of products to expand financial access
2. For partners, we’re building a revenue growth engine by helping them win on affordability
Today, our technology is used in over 100,000 stores across all 50 states. Our payments volume is up 13x YoY. When grocers switch to Forage, they see a 15% lift in EBT revenue.
We also launched the Forage app, a free tool that helps cost-conscious families check their EBT balances, save on groceries, and earn rewards on every purchases.
US grocery is a $1.5T market. We're just getting started.
Onwards! 🚀