When was Forage founded?

Forage was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Forage located?

Forage is headquartered in San Francisco, United States.

How many employees does Forage have?

As of Mar 31, 2026, the latest employee count at Forage is 71.

Is Forage a funded company?

Forage is a funded company, having raised a total of $22.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 01, 2021.

When was the latest funding round of Forage?

Forage's latest funding was a $***** Series A round on Nov 28, 2023, with participation from 1 investor.

Where does Forage rank among its competitors?

Forage ranks 4th amongst 31 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was VETC, which secured $19.2M in Aug, 2025.

Who are the top competitors of Forage?

Forage's top competitors include PayIt, Invoice Cloud and ClassWallet. Among them, VETC secured the most recent funding round in August, 2025.

Forage - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of payment processing solutions for government benefits programs and savings. The company offers application programming interfaces and software development kits, enabling merchants to integrate payment options. It facilitates checkout experiences and provides tools for managing electronic benefit transfer payments. The company delivers resources, including documentation, integrations, and status updates for developers.

Website: www.joinforage.com/
Social
Email ID: *****@joinforage.com

Key Metrics

Founded Year

2019

Location

San Francisco, United States

Stage

Series A

Total Funding

$22.1M in 3 rounds

Latest Funding Round

Series A, Nov 28, 2023, $*****

Investors

Y Combinator & 13 more

Ranked

4^th among 31 active competitors

Employee Count

71 as on Mar 31, 2026

Similar Companies

PayIt & 30 more

View Forage's full profile

Forage is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Forage Technology Corporation CIN: 3-1054278 , United States, Active	Dec 31, 2017	-	-	-

Forage has raised a total funding of $22.1M over 3 rounds. Its first funding round was on Sep 01, 2021. Its latest funding round was a Series A round on Nov 28, 2023 for $*****. 1 investor participated in its latest round. Forage has 12 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Forage:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 28, 2023	2927127	Series A	3027308	5893482	4228119	7607964
Aug 08, 2022	8481020	Series A	9319698	4943003	3946513	Equal Opportunity Ventures & 2 more
Sep 01, 2021	2014375	Seed	9914308	6439128	Y Combinator	7902728

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View details of Forage's funding rounds and investors

The founders of Forage is Victor Esteban Fimbres.

Here are the details of Forage's key team members:

Victor Esteban Fimbres: Co-Founder of Forage.
Contact Info: 1 email address

View details of Forage's Founder profiles and Board Members

Forage's employee count trend

Forage has 71 employees as of Mar 26. Here is Forage's employee count trend over the years:

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Top competitors of Forage include PayIt, Invoice Cloud and ClassWallet. Here is the list of Top 10 competitors of Forage, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayIt 2013, Kansas City (United States), Series D	Mobile-based payment platform for government agencies	$267M	Missouri Technology, Insight Partners & 9 others	70/100
2nd	Invoice Cloud 2009, Braintree (United States), Acquired	Provider of digital billing and payment platform for multiple industries	-	Summit Partners, Ares Capital Corporation ... & 1 others	59/100
3rd	ClassWallet 2014, Miami (United States), Series A	Provider of digital wallet platform for managing and disbursing public funds	$107M	Guidepost Growth Equity, Florida Funders ... & 22 others	58/100
4th	Forage 2019, San Francisco (United States), Series A	Provider of payment processing solutions for government benefits programs and savings	$22.1M	PayPal Ventures, Mucker & 12 others	55/100
5th	Payble 2020, Woolloomooloo (Australia), Series A	Provider of payment experience platform for local government and councils	$4.87M	OIF Ventures, x15ventures	49/100
6th	PromisePay 2017, Oakland (United States), Series B	Bill payment solutions for the government	$48M	XYZ Venture Capital, Kapor Capital & 20 others	44/100
7th	Pagaloop 2019, Mexico City (Mexico), Seed	Provider of platform for government payment processing via API and SDK	$125K	Y Combinator, Nazca & 2 others	44/100
8th	VETC 2015, Hanoi (Vietnam), Series B	Operator of electronic toll collection services for vehicles and highways	$19.2M	IFC	43/100
9th	Aventiv Technologies 2004, Dallas (United States), Funding Raised	Online money management and payments platform for individuals and businesses	-	Platinum Equity	43/100
10th	Point & Pay 1999, Oldsmar (United States), Unfunded	Bill payment solutions	-	-	42/100