Beam

Beam

Platform for managing emergency financial aid

About

Beam 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 their students effectively. Beam differentiates itself from competitors by focusing specifically on the needs of community colleges and universities, offering detailed reporting features that help institutions maintain compliance with Department of Education requirements. The goal of Beam is to ensure that students in need receive timely financial assistance, thereby improving student retention and success in their educational journeys.

Company Stage

Series A

Employees

11-50

Industries

Enterprise Software, Education

Total Funding

$22M

Headquarters

null, New York

Founded

2012


Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in data analytics aligns with Edquity's robust reporting features.
  • Increased focus on mental health support could expand Edquity's service offerings.
  • Adoption of mobile-first solutions drives demand for Edquity's seamless mobile experience.

What critics are saying

  • Increased competition in EdTech could dilute Edquity's market share.
  • Potential federal regulation changes 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 provides detailed reporting, aiding compliance with Department of Education requirements.
  • Edquity's focus on equity ensures aid reaches students with the greatest financial need.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

-2%

Benefits

Medical, dental, vision, disability, & life insurance

401k options

Unlimited PTO

Remote work

Flexible hours

Parental leave

Desk stipend

Continuous learning stipend

Company social events

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