Backer

Backer is a fintech startup that aims to modernize 529 plans by leveraging AI and cutting-edge financial technology. Established in 2017, the company's slogan "Modernizing 529s with fintech and AI" succinctly captures its mission. Backer's primary focus lies in simplifying education savings, enabling regular families to access tax-free investment opportunities while receiving support from relatives and friends. The company operates in the Finance, Financial Services, and Fintech sectors, with its headquarters in the United States. Backer recently secured a significant $9.50M Series A investment on 19 December 2023, with the notable participation of WndrCo. This infusion of capital reflects the confidence of investors in the potential of Backer's approach to redefining education savings through innovative fintech solutions. The company's success in attracting investment underscores its promising trajectory in the competitive landscape of financial technology startups. As Backer continues to expand its footprint in the market, its unique value proposition and alignment with the evolving needs of the education savings sector position it as a compelling prospect for venture capitalists seeking investment opportunities in the fintech space.