Backer, legally known as Principle Fund, Inc., is a financial technology company dedicated to making saving for education simple and collaborative. The company provides a platform that helps users open and manage a 529 college savings plan, which is a tax-advantaged investment account designed for education expenses. A key feature of their service is the ability for family and friends to easily contribute gifts to a child's fund. Originally founded as CollegeBacker, the company rebranded to Backer to encompass a broader vision of saving for all of life's major goals, though its current primary focus remains on education.

Founded in

United States