Backpack

[Backpack](https://www.backpack529.com/) is a financial technology company working to make education more accessible and affordable. We believe two fundamental truths:

1. Paying tuition should be free. Tuition is expensive enough, without the 2-3% tax current incumbent payment platforms charge for payments.
2. There is an opportunity to massively improve operational efficiency of the archaic education payment processes through technology.

That is why our broader mission is to build payments technology that creates deflationary impacts on the cost of education. While we are starting with 529 College Saving Accounts, we have already to started to build out our product breadth, helping Universities manage previously manual payment processes with our University Banking Platform.

We have raised a $5m Seed Round from [Walkabout Ventures](https://www.walkabout.vc/), [Mischief Capital](https://www.mischief.xyz/) and founders and executives from companies like SoFi, Chime, Plaid, Lithic, Vouch, Point 72 and more. This sets us up brilliantly for sustainable growth of team and scale to make this vision a reality.