Intuit Ventures is excited to share our investment in Forage, the mission-driven financial infrastructure platform. We’re participating in their Series B financing alongside Mouro Capital, PayPal Ventures, Nyca Partners, Long Journey Ventures, Next Ladder Ventures, Pivotal Ventures, and others.
Nearly 38 million Americans across 20 million households receive SNAP/EBT benefits, representing over $100 billion in annual benefit value. Until recently, accepting these payments online was complex, burdensome, and fraught with reliability issues. Merchants who wanted to participate had to navigate USDA certification requirements, split-cart payment flows for mixed baskets, and legacy infrastructure that was neither developer-friendly nor dependable. As a result, many merchants only accepted SNAP/EBT payments in-store and millions of consumers couldn’t use these benefits online.
Food security and financial access go hand in hand. Forage’s approach and mission aligns with Intuit’s mission to power prosperity for consumers and businesses. SNAP recipients represent a demographic that stands to benefit meaningfully from the financial education and products available across Credit Karma and TurboTax.
Forage offers a modern and developer-friendly API that abstracts the complexity of restricted payments and enables merchants to accept SNAP/EBT payments online. As grocery prices are expected to rise by almost 3% in 2026, Forage also recently launched a free consumer app to help consumers unlock rewards for everyday purchases and check their EBT balances. Beyond SNAP/EBT, Forage’s underlying infrastructure is purpose-built to expand across other restricted spend categories such as Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA).
Congratulations to Ofek Lavian and the entire Forage team on this milestone!
Read more about Forage and their Series B raise here.
Intuit Ventures invests in world-class startups that are powering prosperity for consumers and businesses. To learn more about us, visit our site and follow us on LinkedIn.