456: Sheri Atwood, Founder and CEO of SupportPay
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 15 August 2016
⏱️ 28 minutes
🧾️ Download transcript
Summary
Money can be a leading cause of divorce and even after you split, it can continue to be a major source of arguments, especially with children involved. Sheri Atwood knows all about this and has started a company to help divorced parents amicable settle child care payments. She is the founder and CEO of SupportPay, the first-ever automated child support payment platform that's transforming the complex, time-consuming and stressful process that many families currently face. Believe it or not this problem impacts 300 million parents exchanging more than $900 billion in child support and child expenses worldwide. Sheri, herself, was a child of a bitter divorce who also went through her own break-up several years ago. Now a single mom, she began searching for a better way to exchange and communicate about child support payments with her ex-husband. In 2013 she created SupportPay and today the site boasts some 40,000 members. For more information visit www.somoneypodcast.com.
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Transcript
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| 0:00.0 | So Money episode 456, Sherry Atwood, founder and CEO of Support Pay. |
| 0:07.0 | You're listening to So Money with award-winning Money Guru Farnuosh Tarabi. |
| 0:13.0 | Each day get a 30 minute dose of financial inspiration |
| 0:16.1 | from the world's top business minds, authors, influencers, |
| 0:19.8 | and from Farnuish yourself. |
| 0:22.4 | Looking for ways to save on gas or double your double |
| 0:25.1 | coupons? Sorry, you're in the wrong place. Seeking profound ways to live a richer, |
| 0:30.1 | happier life. Welcome to So Money. |
| 0:34.0 | You're listening to So Money. |
| 0:37.0 | I'm your host Farnoosh Terabi. |
| 0:40.0 | Money can be a leading cause of divorce and even after a couple split it can continue to be a major source of fights, especially when there are kids involved. |
| 0:51.0 | Sherry Atwood, my guest today knows all about this and so you know |
| 0:55.1 | naturally when you have a problem what do you do? You start a company. She |
| 0:59.7 | started a company called the first ever |
| 1:05.0 | to help divorce parents amicably settle child care payments. |
| 1:06.0 | And the company is the first ever automated child support payment |
| 1:10.0 | platform, it's transforming the complex time-consuming and |
| 1:14.8 | stressful process that many families currently face. And believe it or not, |
| 1:19.2 | this problem affects 300 million parents and we're talking about 900 billion dollars in |
| 1:26.2 | child support and child expenses worldwide. So Support Bay is addressing a |
| 1:31.8 | little bit of an audience here. |
| 1:33.8 | And Sherry herself, she was a child of a bitter divorce. |
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