A+ marketing: it doesnโt borrow relevance from culture, it earns it by making the brand feel inseparable from this big moment. Well done @nikebasketball and go @nyknicks
For the past 5 years, Iโve had a front row seat to the heart, grit, and obsession behind Forage. I couldnโt be prouder of Ofek Lavian and the team on todayโs $40M Series B.
We just raised $40M to solve Americaโs 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, weโre building a suite of products to expand financial access
2. For partners, weโre 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! ๐
Today we used our AI Advisor in a totally different way.
We prompted our LLM to surface the money moves our members should feel grateful for โ because most of us rarely pause to acknowledge whatโs actually going right, especially with our finances.
It's time to feast on your financial wins ๐ฆโค๏ธ
Ask AI Advisor:
โข What money moves should I be grateful for this year?
โข What financial advice can I pass on to my loved ones?
Try it out here: https://t.co/HpPfnAJhl6