All_ebt has raised $20K in total across 1 funding round.
All_ebt's investors include CFV Ventures.
All_ebt is a Charlotte-based fintech startup building a virtual card solution for food stamp (SNAP/EBT) recipients, enabling them to shop online at platforms like Amazon Fresh, Instacart, and DoorDash.[1][5][6] It targets the underserved market of low-income Americans on government benefits, providing a technology layer on banking-grade platforms to handle EBT-specific checkouts, block non-eligible purchases, and enhance dignity through more options and digital access.[2][3] The product serves food-insecure families, solving the problem of limited online spending for benefits traditionally restricted to physical stores, with early growth via crowdfunding on Republic at a $5M valuation cap and pop-up stores.[4][7]
Founded by Eli Calderón-Morin (based in Los Angeles and Seattle), All_ebt emerged as a technology-powered social impact venture focused on creating a "smart wallet" for food stamps, leveraging blockchain for better tracking and dispersion.[2] The idea gained early traction through Eli's participation in an Impactathon hackathon and social impact coaching, where his vision for empowering overlooked low-income users stood out.[2] Pivotal moments include launching virtual Visa cards via Facebook Messenger, opening pop-up stores with Amazon Go-like ambitions, and raising funds via Republic to digitize EBT for broader e-commerce access.[4][5][7]
All_ebt rides the fintech inclusion wave, digitizing government benefits amid rising online grocery demand post-pandemic, where 40+ million SNAP users were stuck with in-person-only redemptions.[1][5] Timing aligns with market forces like Instacart's expansion and regulatory pushes for EBT modernization, positioning it to capture a massive underserved segment.[6] It influences the ecosystem by pioneering "smart wallets" for social good, potentially inspiring blockchain-tracked aid distribution and pressuring incumbents to adapt for low-income digital access.[2][3]
All_ebt is poised for scale through partnerships with more delivery apps and pop-up expansions, potentially hitting mainstream adoption if it navigates regulations and secures larger funding post-Republic.[4][7] Trends like AI-driven fraud prevention and universal basic income pilots will amplify its model, evolving it from niche virtual cards to a full digital benefits platform. As fintech democratizes economies, All_ebt could redefine inclusion for government aid, turning its food stamp focus into a broader force for underserved markets.[1][2]
All_ebt has raised $20K across 1 funding round. Most recently, it raised $20K Seed in March 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2018 | $20K Seed | CFV Ventures |
