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But we saved everything 🙂.
Turner Novak reports that BananaCap has significantly increased its investment in Forage, tripling its previous stake. According to Novak, Forage has experienced remarkable B2B growth, with the business expanding 13 times year over year in one of the most regulated markets. The B2B segment is now driving free customer acquisition for its consumer business. Additionally, Novak highlights that Forage is hiring aggressively, encouraging applications from those interested in addressing the affordability crisis.
Novak has previously discussed capital allocation, recently asking which region merits a $200 million investment in local startups. In another market update, he noted that FlexSuperApp achieved nine-figure revenue growth in 2.5 years. These reports reflect a continued focus on rapid expansion across the fintech and startup space.