Backer logo — Modernizing 529s with fintech and AI

Backer

Modernizing 529s with fintech and AI

Founded 2017 United States San Francisco, United States 29 employees Series A Total: $18.50M Finance, Financial Services +1

General Information

Company Name Backer
Founded Year 2017
Location United States San Francisco, United States +1
Employees 29
Industries Finance, Financial Services, Fintech
Funding Stage Series A
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About Backer

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.

Taxonomy: 529 plans, tax-free investing, savings, family finances, investment, consumer-friendly, technology partnership

Services & Products

529 Plan Setup
Investment Advice
Fund Management
Real-Time Savings Projection
Automated Contributions
Family Gift Contributions

Target Customers

Parents Family Members Friends Guardians

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 1
Investor
19 Dec 2023
Seed Round •••••• 4
Investor Investor Investor Investor
28 Apr 2021
Pre Seed Round •••••• 5
Investor Investor Investor
•••• ••••
06 Nov 2019

FAQ About Backer

Modernizing 529s with fintech and AI
Backer was founded in 2017.
Backer is headquartered in San Francisco, United States.
Backer operates in the following industries: Finance, Financial Services, Fintech.
Backer has approximately 29 employees.
Backer has completed 3 funding rounds, raising a total of $18.50M. The latest funding stage is Series A.
Backer offers: 529 Plan Setup, Investment Advice, Fund Management, Real-Time Savings Projection, Automated Contributions, Family Gift Contributions.

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