See other companies on Welcome to the Jungle

Beam

Financial planning app

Beam logo
21-100 employees
  • Fintech
  • B2B
  • Education
  • Lending
  • Financial Services
  • SaaS
Downtown Brooklyn, NY

Company mission

To grow and redefine the next generation of the social safety net.

Our take

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 headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • 11 paid company holidays
  • Fully paid health insurance (Medical/Vision/Dental)
  • Unlimited PTO, Sick and Mental Health Benefits
  • 401k with a 4% match
  • Generous parental leave
  • Annual Professional Development Stipend
  • One time Home Office Setup Stipend
  • Equity in Edquity
  • Many more!

Company values

  • Lead with empathy
  • Intention matters, impact matters more
  • Solution for a better future
  • Practice stewardship
  • Advocate with expertise

Funding (last 2 of 8 rounds)

Nov 2022

$6.4m

SERIES A

Jun 2022

$8.6m

EARLY VC

Total funding: $22.7m

Leadership

Vice President & Chief of Staff at The Clearing House, Co-Founder & CEO at UniFi scholars.

Diversity, Equity & Inclusion at Beam

  • An anti-racist company. Edquity ensure that products and every behavior they engage in are targeting racism, and fight against racism when they see it