About this raise
SupportPay, with a pre-money valuation of $13.09 million, is raising funds on StartEngine. SupportPay works towards simplifying the child support process by providing a common platform to both parents to manage all the child support, alimony, and child expenses. It tracks all the expenses, enables online payments, provides online dispute management, and keeps the parents equipped with the certified records. SupportPay was founded by Sheri Atwood and has raised more than $7 million in previous rounds of funding. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $107,000. SupportPay already has more than 23,000 customers with a month-over-month growth rate of 21% and has managed over $55 million in child support, alimony, and expenses.
Investment Overview
Not Funded: $12,667
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/04/2019
- Close Date
- 09/04/2019
$9,999
$107,000
$399
Equity - Common
RegCF
$1.33
$13,090,224
Company & Team
Company
- Year Founded
- 2018
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Sacramento, California
- Company Website
-
Visit Website
Team
- Employees
- 7
Financials
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Company Funding & Growth
Funding history
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| SupportPay-2, a Series of Jason’s Syndicate | 07/26/2022 | The Syndicate | - | $151,631 | Equity - Common | Funded | RegD 506(b) |
| SupportPay | 09/04/2019 | StartEngine | $13,090,224 | $12,667 | Equity - Common | Not Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.