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FinTech news in finances category

Financial Wellness startup Onward raised Series A round of $9.7M

The daughter of divorced parents herself, Jacklyn Rome founded Onward in 2020 with the aim of helping divorced and separated parents more easily manage their shared expenses. Since that time, Onward has launched a number of new features, including the ability to pay your co-parent back through the platform, partial payments, and the ability to track other expenses not related to children, such as shared mortgages or telephone bills. Rome, who previously led new product launches at Uber and Blue Apron, said she built the app with the intent of not only alleviating headaches for the parents but also helping reduce family tension overall. By partnering with influencers who are co-parents, Rome said, the startup has boosted awareness of its offering.