Forage, a payments processor, has raised a $40M Series B led by Mouro Capital at a $225M valuation, enabling retailers and food-delivery companies to accept EBT cards. Consequently, this investment will enhance Forage's operational scalability and enterprise infrastructure, driving market disruption in the payments industry. Crucially, this development will increase access to essential services for low-income individuals.
The $40M Series B funding will be used to expand Forage's services, improving its B2B integration capabilities and reducing operational vulnerabilities. In contrast to legacy systems, Forage's platform provides a more efficient and cost-effective solution for retailers and food-delivery companies. Ultimately, this investment will drive growth and increase Forage's competitiveness in the enterprise payments sector, with a focus on EBT card acceptance and payment processing.
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