Overview

Edquity provides a platform that helps educational institutions manage emergency aid programs for students facing financial difficulties. The platform simplifies the process of distributing emergency funds by handling application intake, assessing student needs, and ensuring quick disbursement of funds, often within 48 hours. This system is designed to comply with federal regulations, making it easier for schools to support students in need. Edquity differentiates itself from competitors by focusing specifically on the education sector and offering detailed reporting features that help institutions maintain compliance with Department of Education requirements. The goal of Edquity is to enhance student retention by ensuring that financial aid reaches those who need it most, thereby helping students stay in school.

Simplify's Take

What believers are saying

• Partnerships with fintech can enhance financial aid services with innovative payment solutions.
• Growing interest in data analytics can improve Edquity's reporting and predictive analytics features.
• Increased focus on mental health support offers integration opportunities with financial aid services.

What critics are saying

• Increased competition in EdTech could dilute Edquity's market share.
• Potential changes in federal regulations may require costly platform updates.
• Economic downturns may reduce funding for institutions, impacting Edquity's revenue.

What makes Beam unique

• Edquity offers rapid aid disbursement, often within 48 hours, ensuring timely support.
• The platform complies with federal regulations, aiding institutions in maintaining compliance.
• Edquity's technology-driven platform streamlines emergency aid distribution, enhancing efficiency.

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Funding

Total Funding

$22.6M

Above

Industry Average

Funded Over

3 Rounds

$6,400,000

Series A

Nov 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$6.4M

$8.2M

$15M

$30M

View all funding stages