Beam raises $6.4M to help citizens access safety net funds

Beam, a startup that helps citizens access government financial aid, has raised $6.4 million in Series A funding.
The company, previously known as Edquity, helps deliver funds across a wide array of programs, like emergency cash assistance, rental relief and public utility benefits.
“We fundamentally work to transmit critical services and resources to those in need,” said David Helene, CEO of Beam.
The company’s Series A funding comes as the company said it saw a greater need to provide disadvantaged communities with financial support following the COVID-19 pandemic. Beam said the funds

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