Forage Raises $40M Series B for Benefits Payments Platform

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Forage, a fintech infrastructure company based in San Francisco, California, has announced a $40 million Series B funding round. The round was announced on June 3, 2026, and was led by Mouro Capital.

Participating investors included Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs.

Forage makes it easier for retailers and platforms to accept government benefits, including the Supplemental Nutrition Assistance Program, known as SNAP, the Women, Infants, and Children program, Health Savings Accounts, and Flexible Spending Accounts.

The company recently launched a new consumer app, a free tool that helps low-income families securely check their EBT balances and earn rewards on everyday purchases. Since its launch in late 2025, the app has been downloaded more than 100,000 times. By the end of 2026, Forage aims to reach one million low-income families through the app. The new funding will go toward scaling the app and expanding the company’s payments infrastructure.