SupportPay, a Charlotte, NC-based provider of a platform for divorced, single, step, co-parents, and caregivers, raised $3.1M in Seed funding.
The round was led by HearstLabs, with participation from Michigan Capital Network, Victorium Capital, Rendar Capital, Connetic Ventures and Stage Next Ventures.
The company intends to use the funds to expand operations and to deliver additional payment options for families, expedite enterprise adoption and expand its offering to support any family member, such as siblings caring for their parent(s), who are involved in the process of sharing, managing and tracking expenses, payments and schedules.
Led by Sheri Atwood, Founder and CEO, SupportPay provides a platform for divorced, single, step, co-parents, and caregivers to manage and exchange shared expenses, child support, custody and communications. In addition to saving time and money for more than 75,000 consumers worldwide, the app is also offered as an employee benefit in the workplace for global brands like Hearst and others. Through a web and mobile interface, users can view, pay, and document every bill and shared expense, as well as communicate and manage custody and schedules while delivering a certified record for compliance, court, and tax purposes.
FinSMEs
15/12/2023