PayPal Ventures: Invests in Forage
- PayPal Ventures is the global corporate venture arm of invest for financial return
- Forage is a payments processor that makes it easier for grocers to accept SNAP EBT (food stamps) payments online
- Announced that it has raised a $22M Series A funding round to accelerate online grocery access
- The round was led by fintech specialist firm Nyca with participation from Ventures, EO Ventures
- Forage has an in-house team of EBT and payments experts, including former Instacart and Freshop employees
- The company is already working with dozens of well-known grocers to help them accelerate their path to accepting SNAP EBT online
