Beam, formerly known as Edquity, was founded with the mission to enhance the equitable and rapid delivery of financial aid and public benefits to vulnerable populations. The company offers a cloud-based platform that streamlines the administration of cash assistance, emergency aid, and other benefit programs. Beam's technology is utilized by governments, nonprofits, colleges, universities, and philanthropic organizations to ensure that critical support reaches those in need efficiently and fairly.
Notable affiliates and investors in Beam include various governmental bodies and educational institutions, particularly Historically Black Colleges and Universities (HBCUs). The company has been featured in prominent media outlets like Axios for its innovative approach to social safety nets. Key achievements include the successful implementation of emergency aid programs that have significantly improved student retention rates at HBCUs. Overall, Beam's impact lies in its ability to simplify and expedite the distribution of essential financial resources, thereby supporting the well-being of underserved communities.
