Backer, founded in 2017, is a pioneering fintech company that specializes in modernizing 529 plans through innovative fintech and AI solutions. The company is at the forefront of making educational savings accessible and easy, focusing on helping ordinary families leverage tax-free investment opportunities with support from family and friends.
As the leading entity in its niche, Backer operates within the Finance, Financial Services, and Fintech industries, and is headquartered in the United States. The firm's slogan, "Modernizing 529s with fintech and AI," encapsulates its mission to innovate traditional methods, offering more efficient and effective solutions to its clientele.
The startup has recently received a significant boost with a $9.50M Series A investment on 19 December 2023, led by WndrCo. This investment underscores the confidence investors have in Backer's potential to transform the educational savings landscape and indicates strong growth prospects for the company.