Snappable is a digital payment solution that integrates with existing point-of-sale systems to facilitate transactions for government nutrition benefits, enabling food stamp recipients to access additional funds for healthy food purchases. By unlocking up to $22 billion in Nutrition Incentive funds, Snappable helps grocers increase revenue by up to 25% while improving food access for families in need.
Funding
$40K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many recipients of government nutrition benefits face challenges in affording healthy food options. Existing point-of-sale systems often lack seamless integration with programs that offer incentives for purchasing nutritious foods, limiting access to these benefits. This can result in lower revenue for grocers and reduced access to healthy food for families in need.
Solution
Snappable provides a digital payment platform that integrates directly into existing point-of-sale (PoS) systems, enabling Supplemental Nutrition Assistance Program (SNAP) recipients to easily access and redeem incentives for healthy food purchases. By simply downloading Snappable onto their PoS device, grocers can seamlessly process these benefits using a shopper's phone number. The platform unlocks access to Nutrition Incentive funds, allowing EBT shoppers to double their spending power on nutritious food. Snappable also automates the reimbursement process with convenient reporting features, saving time for grocers.
Target Audience
Snappable primarily targets grocery stores and retailers that accept SNAP benefits, as well as government agencies and non-profit organizations administering nutrition incentive programs.
Features
- Direct integration with existing PoS systems, eliminating the need for new hardware
- Mobile-based transaction processing using a shopper's phone number
- Automated reporting for simplified reimbursement claims
- Secure platform ensuring compliance with government regulations
- Real-time tracking of incentive usage and program impact