Beam

Manages emergency aid programs for education

New York, United States

About Beam

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 while maintaining necessary reporting standards. Beam differentiates itself from competitors by focusing specifically on the needs of community colleges and universities, offering a tailored solution that emphasizes equity and rapid assistance. The goal of Beam is to enhance student retention by ensuring that financial aid reaches those who need it most, thereby helping students stay in school.

None, New YorkHeadquarters
2012Year Founded
$22MTotal Funding
SERIES_ACompany Stage
Enterprise Software, EducationIndustries
11-50Employees

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

Risks

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.

Differentiation

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.

Upsides

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.