Overview

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Total Equity Funding
$2.7M in 4 Rounds from 13 Investors
Most Recent Funding
$1.5M Seed on June 11, 2015
Headquarters:
Santa Clara, CA
Description:
Only payment platform for parents sharing child expenses and managing child support
Founders:
Categories:
Parenting, SaaS, Developer Tools, Banking, Accounting, Finance, Apps, Legal, Payments
Website:
http://supportpay.com
Social:

Company Details

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SupportPay is the 1st automated child support payment platform that enables parents to share child expenses & exchange child support/alimony directly with each other.

In the US, there are 55 million parents that live apart. 39 million exchange over $200B/yr in child expenses & child support/alimony. (most hear about the 16M who don't pay) Globally there are over 298M parents who exchange $900B/yr. After a parent has an order, there has been no standard way for parents to manage this conflict ridden process. Since child support is not just a single monthly payment but also a broad collection of shared expenses (medical, education, childcare, etc) parents must continually manage, communicate & negotiate over these expenses. The process is complex, time consuming & stressful.

SupportPay eliminates child support conflict providing both parents transparency while saving time & money. Parents can now spend less time managing child support & more time raising happy, healthy children.

Funding Rounds (4) - $2.7M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2015$1.5M / Seed4
May, 2014$1.1M / Seed8
Apr, 2013$100k / Seed1
Jan, 2013undisclosed amount / Seed2

Current Team (1)

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Board Members and Advisors (3)

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Products (1)

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  • SupportPay was added to CrunchBase in 2014

Offices/Locations (2)

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  • Headquarters

    PO Box 4074

    Santa Clara, CA 95054

    USA

  • Headquarters

    5201 Great America Parkway

    Suite 320

    Santa Clara, CA 95054

    USA

Images (1)

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