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To grow and redefine the next generation of the social safety net.
Beam (formerly Edquity) was founded in 2016 to address the fact that many students in America are unaware of the safety nets and funds available for those struggling during their educational years. However, after seeing governments and some nonprofits struggle to disperse critical benefits to people, it has expanded its platform to help even more individuals.
The company’s platform streamlines often arduous and complicated processes, simplifying applications, aid decisions and processing, payments, compliance, and more. This enables governments, nonprofits, colleges/universities, and philanthropic organizations to administer a wide range of financial assistance programs (from rental relief to public utility benefits to emergency cash assistance) through one single management system.
Beam also provides the infrastructure for 53 governments, institutions, and non-profits in more than 16 states. With over $180 million administered to 300,000+ households since 2020, Beam has vast growth opportunities and it continues to scale and expand its offerings, as it has successfully been doing over the last few years.
Steph
Company Specialist at Welcome to the Jungle
Nov 2022
$6.4m
SERIES A
Jun 2022
$8.6m
EARLY VC
David Helene
(CEO)Vice President & Chief of Staff at The Clearing House, Co-Founder & CEO at UniFi scholars.