Backer

Backer is a fintech company based in San Francisco, California, that focuses on modernizing 529 college savings plans through a digital platform.

Founded in 2016, Backer helps families set up, manage, and contribute to 529 education savings plans, making the process easier and more collaborative. The platform allows contributions from family and friends, not just the account owner, promoting a community approach to saving for education. Backer’s services support saving for various qualified education expenses, including college tuition, K-12 tuition, and other education-related costs. The company targets individuals and families, particularly parents and guardians planning for their children's future education. Backer has raised approximately $17.98 million in funding and is currently at the Series A stage.