SupportPay

SupportPay is a **Fintech** and **Legal Tech** startup founded in **2018** and headquartered in the **United States**. Their slogan "🤝 Share 📲 Manage 💸 Track" encapsulates their mission of simplifying modern family finances. The company offers the first-ever automated child support payment platform for parents living apart, aiming to revolutionize family financial management through simple and effective software. With over **298 million parents** globally exchanging over **$990 billion** annually in child support, and over **55 million parents** in the US alone, the need for a standard process to manage these transactions is evident. The latest funding round of **$3.10M** was secured on **14 December 2023**, with investment from prominent firms including **Connetic Ventures**, **HearstLab**, **Render Capital**, **Stage Next Ventures**, **Michigan Capital Network**, and **Victorum Capital**. Their innovative approach addresses the complex, time-consuming, and emotionally fraught process of managing child support, offering transparency, time, and cost savings for parents. SupportPay's seamless online and mobile application enables collaboration and eliminates conflicts, allowing parents to focus on raising happy, healthy children. With a clear market opportunity and a strong investor backing, SupportPay is poised for growth and continued impact in the family financial management space. For more information, visit http://supportpay.com.