HomefundingSupportPay Raises $1.1M in Seed Funding

SupportPay Raises $1.1M in Seed Funding

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supportpay-logoSupportPay (by Ittavi), a Santa Clara, CA-based platform that automates child support payments and related expenses, raised $1.1m in seed funding.

The round was led by Draper Associates with participation from TEC Ventures, Broadway Angels, Aspect Ventures, RPM Ventures and salesforce.com, as well as other angel investors.

The company intends to use the funds for customer growth, brand awareness and referral network expansion, as well as internal team growth and platform improvements.

Led by Sheri Atwood, Founder and CEO, SupportPay offers an automated payment platform for sharing child expenses and managing child support. It standardizes the billing and payment process for child support and provides parents with tools to enter an expense, attach a receipt and then submit the transaction to the other parent. The other parent can review the item, seeing immediately that the expense is for their child, and then make a payment.
Built on the Salesforce1 Platform, SupportPay is available as a web, Android and iOS application. Currently, there is both a free and a subscription service available.

FinSMEs

02/05/2014

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