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Backer

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Goal-based savings app simplifying education funding for families.

Overview

Backer is a personal savings application that focuses on goal-based savings for children's education through 529 plans. The platform includes features such as a paperless setup, automated contributions, and real-time projections of savings, allowing parents to manage their savings via mobile devices. It also enables contributions from family and friends, which may enhance collaborative savings efforts, while maintaining the security of personal information. The app aims to simplify the college savings process, potentially assisting families in reducing student debt and improving financial outcomes. Backer offers personalized recommendations for 529 plans and has a transparent fee structure.

Key facts

Founded
2015

Business model

Contact

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About Backer

What does Backer do?

Backer is a personal savings application that focuses on goal-based savings for children's education through 529 plans.

Where is Backer headquartered?

Backer is headquartered in San Francisco, United States.

When was Backer founded?

Backer was founded in 2015.

Which sector is Backer in?

Backer operates in Personal Finance Management, part of Financial Technology.

Who are Backer's competitors?

Companies similar to Backer include SavvyFi, 10X Investments, and Boring Money.