Edquity
Company

Last deal

$6.4M

Amount

Series A

Stage

18.11.2022

Date

7

all rounds

$9.4M

Total amount

General

About Company
Beam is a college financial planning app that helps high school and college students avoid dropping out.

Industry

Sector :

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founded date

16.11.2016

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The company offers emergency aid technology that calculates the short and long-term financial implications of attending a particular college, including living costs, expected earnings, and debt. Additionally, Beam provides a cloud-based platform that streamlines the delivery of financial assistance programs, such as rental relief and emergency cash assistance, for vulnerable populations. The platform simplifies applications, decision-making, processing, payments, compliance, reporting, and case management for governments, nonprofits, colleges/universities, and philanthropic organizations. Beam has provided digital infrastructure for over 53 organizations in 16 states, administering over $180 million to 300,000 households since 2020.
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