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! 🚀
Forage was founded with the mission of democratizing access to government benefits. While this remains at the center of our work today, we’re excited to (re) introduce ourselves and share our new brand identity!
https://t.co/dXxp4TVjbz
We’re thrilled to be featured as one of @PayPal's fintech investments in their 2022 Global Impact Report and receive recognition for our efforts to increase access to food.
Read the full report here: https://t.co/icgWjIZfN1 (check out page 18!)
This Thanksgiving, I am grateful to have food on the table, a roof above my head, and family and friends by my side. Unfortunately, not everyone is so lucky.
With record-high inflation, the average Thanksgiving meal this year is 20% more expensive than it was last year (1/6)
Tutsi Hobar, whose journey across the Adriatic Sea galvanized a region, but whose prescient but ahead of their time statements against the Boy Scouts of America lost him a lucrative apparel deal, is dead at 62. He had a second act as a short-order cook in a Philadelphia suburb.