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Overview
If you are below the 80th income percentile, life has become unaffordable for you.
In the US this is most people earning less than $134K/yr.
For 99% of these folks, there is mismatch of when funds arrive into their accounts and when they need it for everyday expenses. They often don’t have a credit card and definitely don’t have excess income to bridge the gap.
In addition to this, life critical services cost an unreachable $1400 or more per month.
Beem uses AI to bridge this mismatch and reduce cost for these services by 90%.
Beem works for everyone, including immigrants, undocumented folks, gig workers, tip based wage earners, seasonal earners and more.
In the grand scheme of things, Beem is folding a large segment of informal economy into the formal economy by eliminating barriers and in turn delivering economic agains for the nation and people working in it.
Beem plans to do this around the world, we are currently doing it in the US, we will be doing it in India next where $6T is stuck in the informal economy.
If you want to talk to us, you can schedule time at https://calendly.com/beemfi
About
Personalization, Artificial Intelligence (AI), Machine Learning, Personal Finance, Insurance, Life Insurance, Social Impact, Auto Insurance, Health Insurance, Primary and Urgent Care
2020
51-100
Headquarters locations
United States, North America
Social
N/A
Profile Resume
Beem headquartered in United States, North America, operates in the Personalization, Artificial Intelligence (AI), Machine Learning, Personal Finance, Insurance, Life Insurance, Social Impact, Auto Insurance, Health Insurance, Primary and Urgent Care sector. The company focuses on Personalization and has secured $7.6B in funding across 280 round(s). With a team of 51-100 employees, Beem is actively contributing to advancements in Personalization. Their latest funding round, Angel Round - Beem, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
7
1
0
$27.1M
Details
6
Beem has raised a total of $27.1M in funding over 6 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Seed | 500.0K | ||
2020 | Seed | 380.0K | ||
2022 | Seed | 7.0M | ||
2020 | Seed |
Investors
Beem is funded by 26 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Beem | - | FUNDING ROUND - Beem | 7.0M |
Ethan Austin | - | FUNDING ROUND - Ethan Austin | 7.0M |
Beem | - | FUNDING ROUND - Beem | undefined |
Anand Reddy | - | FUNDING ROUND - Anand Reddy | undefined |
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