HomeBankingPayPal Ventures: Invests in Forage

PayPal Ventures: Invests in Forage

Date:

UK Tribunal Rules Visa and Mastercard Interchange Fees Breach Competition Law

Landmark decision finds payment giants’ multilateral interchange fees unlawful,...

Spendbase Launches Digital Banking Platform and Virtual Cards for Businesses

Spendbase expands its financial platform with new digital banking...

FIS and Visa Partner to Help Regional and Community Banks Offer Fintech Services

FIS collaborates with Visa to empower regional and community...

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
Exit mobile version