NC-based SupportPay Secures $3.1M in Seed Funding. HearstLabs led the round, and Michigan Capital Network, Victorium Capital, Rendar Capital, Connetic Ventures, and Stage Next Ventures also participated.
The funds will be utilised by the business to expand its operations, provide more payment options for families, hasten enterprise adoption, and broaden its support for any family member involved in sharing, managing, and maintaining track of costs, payments, and schedules—such as siblings taking care of their parents.
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SupportPay offers a platform to handle and sharing shared costs, child support, custody, and communications for individuals who are divorced, single, stepparents, co-parents, and carers. The platform is led by Sheri Atwood, the founder and CEO.
Apart from offering time and cost savings to over 75,000 users worldwide, the software is also provided as an employee perk for multinational companies such as Hearst and others in their workplaces.
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Users may interact, manage custody and schedules, monitor, pay, and record all bills and shared costs through a web and mobile interface. A certified record is delivered for compliance, judicial, and tax purposes.
About SupportPay
The first platform for automatically paying child support for divorced parents. By developing straightforward yet useful software, they hope to completely change the way that families handle their finances in the modern world. SupportPay helps parents—whether they are single, divorced, separated, or remarried—manage their shared expenses and child support payments.
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