Backer, a San Francisco, CA-based fintech company focused on tax-advantaged 529 Savings Plans, raised $9.5M in funding.
The round was led by WndrCo.
Baker has also acquired Saving For College, a Miami, FL based provider of a 529-related media property and education savings resource for American families.
Saving For College provides an education savings destination for parents and financial professionals, providing them with information and tools to understand the benefits of 529 Savings Plans and how to meet the challenge of rising college costs.
Led by CEO Jordan Lee, Backer is a fintech company focused on 529 plans, which makes saving for education simple, helping families tap into tax-free investing with support from family and friends. Since its debut in 2017, the Backer consumer savings app has been used by more than 200,000 parents and kids.
