Beem

Company profile

Beem company profile

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