OF THE MILLIONS OF AMERICANS WHO qualified for the current stimulus checks, there’s at least one team that will certainly not be receiving money — those that have actually been reported to the UNITED STATE Treasury Department for owing ago kid assistance.
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And that’s not a small number. As of January 2018, there were 13.6 million custodial single parents living in the United States, and also about half have actually some form of legal or informal boy support agreement in location.
According to the most recent report on son assistance by the U.S. Census Bureau, but, only 43.5% of custodial parents reported receiving the complete amount due from noncustodial paleas. In 2015, the amount of outstanding child assistance for the year reached $33.7 billion.
New Orleanian Simone Spence knows the battle all also well. During her own initiatives to track dvery own child assistance for her daughter 25 years earlier, Spence spent years researching the ins and outs of son support collection and also quickly became, in her own words, the “kitchen table skilled,” through friends and various other moms reaching out to her for help and advice.
After composing two publications, testifying in front of Congress, and conducting speaking tours across the nation on the subject, Spence transcreated her know-exactly how into a proprietary modern technology platform dubbed Athena designed to streamline the procedure for parental fees looking to collect. The outcome was the development of a new business last autumn that Spence referred to as Don’t Get Mad, Get Paid.
“I had actually been a personal kid assistance consultant for over two years,” Spence sassist. “During that time, I had actually assisted more than 10,000 women to collect more than $15 million in ago son assistance, and also I had an 87% success rate. I never before had actually to sector and also never advertised because my customers found me on their very own, were referred
With an initial investment from PowerMoves.NOLA, an company that helps launch minority technology startups, Spence debuted Athena in October 2019. The technology, sassist Spence, makes collecting spousal assistance much less traumatic and also traumatic.
“I can’t say as well a lot about the technology without offering amethod some of our trick sauce,” she sassist, “however I will say that at a high level, it works like TurboTax meets LegalZoom. We gather the instrumental data about our customer the method that TurboTax does, questionnaire-style. We find the paying parent and also his assets and revenue streams and also then, prefer LegalZoom, we generate legal documents for our customers. The papers are state-particular, customized and prepared to use.”
In enhancement to local investments, Spence was able to gather a team of tech-savvy supporters with a global accelerator regime called Techstars, whose mission is to aid founders through mentorships and also partnerships.
“I earned a spot in Techstars last year and participated in their Impact Cohort in Austin, Texas,” shelp Spence. “Over 1,000 carriers in 10 nations contended for those spots. They selected 10 service providers, and also my company was one of them.”
Spence sassist the regime also aided her develop her technology team.
“One of my designers was the previous co-founder of the App Store, lead engineer for Inmobi and also has actually built for companies prefer Samsung, Comcast and LegalZoom,” she shelp. “My other engineer was lead engineer for Webroot. They both have 10 to 12 years of software program breakthrough and startup suffer in Silicon Valley.”
Don’t Get Mad, Get Passist is being designed via 3 levels of membership. Right now the only alternative is the Athena Gold level, which gives an variety of assistance such as a library of important files, record prep guidance, skip tracing to find the other parent and more. Membership at this level is a $1,200 flat fee, or $100 per month, through a 100% satisfactivity guarantee.
Additional membership levels, Athena Silver, for $20 per month, and Athena Titanium, for $999 per month, are still in the works, yet will sell differing menus of resources for each client’s differing needs.
“Athena Silver is currently in advance to accomplish the requirements of paleas that might not require the complete Athena platform,” shelp Spence. “It is projected to launch this summer. Production of Athena Titanium will certainly start after that.”
Spence shelp her client base is mainly womales and also spans throughout all 50 states. “They autumn into every socio-economic bracket — from wealthy to middle-course and also lowerrevenue,” she said. “Though many kind of civilization don’t prefer to admit it, we all recognize somebody that has had actually a difficulty collecting back child assistance. If you don’t think so, begin shaking your family members and frifinish trees and watch who falls out.”
Athena’s innovation works finest by taking the guesswork-related out of the process for parents that are trying to find and collect son assistance.
“We have actually what we think is the fastest collection process in the nation and deserve to obtain our customers via the entire procedure within months,” she shelp. “We find the payor and their assets, deliver any paperjob-related to one more state, if important, area liens and also guide our client through the collection of their money within that time.”
With the launch of her company, Spence is hopeful that her years of job-related will proceed to aid paleas also past her time as CEO and reach beyond what she had been qualified of doing by herself as a consultant.
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“A few years earlier, I realized that this job-related that I have been doing is much bigger than me and a lot bigger than the 10,000 moms that I have aided over the years,” she shelp. “There are millions of womales that need this aid. So, realizing this require and being able to build somepoint to attend to it is a good feeling,” she said. “I made a decision the name Athena for our product because Athena is the Greek goddess of wisdom, war, legislation and also justice. Our product democratizes the boy assistance arsenal process for earlier son assistance and allows women to accessibility an otherwise very inobtainable mechanism.”
“We have what we think is the fastest repertoire process in the country and can obtain our customers through the whole process within months,” sassist Simone Spence around her proprietary modern technology platform she called Athena.