SupportPay raises $1.1 million for secure, transparent child care payments
Child support payment management system SupportPay has received $1.1 million to be used to make payments for child support a lot easier to obtain.
Sheri Atwood’s startup has been funded by Draper Associates, Broadway Angels and Aspect Ventures. A personal investment was also made by Tim Draper, the co-founder of DFJ.
Atwood said, “I am the child of divorce. I had a deadbeat dad and I grew up in that environment. Many years ago when I faced my own divorce my ex and I swore that it would be amicable and we said we’d just share my daughter’s expenses.”
She also added that even as there is an agreement for child support, dividing the cost for support is still difficult.
SupportPay provides users services for private, secured and transparent payments for child care. The technology used by the company has made a standard billing and payment method including the ability to access expenses including child care, medical and education among others.