Forage Analysis
What is Forage?
Forage is a payments company that enables merchants to accept EBT SNAP and EBT Cash payments online and in-store through a unified API.
Employees
43
Founded
2020
Revenue
$6.9M
Product Features & Capabilities
- Online EBT Payments, In-Store EBT Payments, Unified API for EBT transactions, 99.9% reliability, Rapid USDA certification, PCI-compliant security, Real-time analytics dashboard.
Pricing
- Standard Plan: 2.9% + $0.30 processing fee; pay-as-you-go pricing with no setup or hidden fees (monthly minimums may apply).
- Custom & POS Plan: Volume pricing discounts available for customers with large payment processing volumes.
Who are the founders of Forage
VE
Victor E. Fimbres
Founder
Competitors Overview
Forage operates in the payments industry, specifically focusing on enabling merchants to accept EBT SNAP payments online. Its main competitors include:
- BlockChyp: A payment processing platform that offers a range of services, including EBT processing. BlockChyp differentiates itself with a s
Investors
- Y Combinator
- Nyca Partners
- PayPal Ventures
- EO Ventures
- Apoorva Mehta (Instacart Founder)
- Blackbird Ventures
- Telstra Ventures
- Citi
Market Focus
Forage primarily focuses on the payments industry, specifically helping merchants accept EBT SNAP payments through a unified API.
Business Model
Unified API integration for EBT payments; revenue from transaction fees and merchant growth.
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