LOS ANGELES, CA, Onward, the financial platform for co-parents, announced today it has raised $9.7 million in Series A funding.
The round was led by TTV Capital with participation from Lerer Hippeau, Citi Ventures, Correlation Ventures, and Gingerbread Capital. The funding comes on the heels of significant growth for the company, which is the only fintech app designed to serve the needs of divorced and separated parents. Onward has gained significant momentum with nearly 100,000 installs from those seeking relief from the tense, unclear, and often disorganized methods of managing money with their co-parent. The new funding will support growing the team and expanding its portfolio of innovative fintech products.
Onward is a fintech platform designed to help co-parents manage shared finances for their children more easily. The app solves an acute pain point for co-parents who primarily send text messages or spreadsheets back and forth to track expenses for their children, pets, and other shared expenses. With Onward, co-parents can streamline the often tense communication about shared finances to enable themselves and their families to thrive.
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