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PayPal Ventures: Invests in Forage

PayPal Ventures: Invests in Forage

  • PayPal Ventures is the global corporate venture arm of invest for financial return
  • Forage is a payments processor that makes it easier for grocers to accept SNAP EBT (food stamps) payments online
  • Announced that it has raised a $22M Series A funding round to accelerate online grocery access
  • The round was led by fintech specialist firm Nyca with participation from Ventures, EO Ventures
  • Forage has an in-house team of EBT and payments experts, including former Instacart and Freshop employees
  • The company is already working with dozens of well-known grocers to help them accelerate their path to accepting SNAP EBT online
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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