Beem is an inclusive AI fintech platform that provides individuals with access to emergency lines of funds — as low as $10 — without charging interest or demanding proof of credit history and incomes.

• Substantial Market Demand: Poor transaction management is the single point of failure for over 70 million working-class Americans. Low-income individuals, in particular, face limited access to financial support for bill payments in areas related to transportation, healthcare, and housing, leaving them the most vulnerable to overdraft and late fees. Beem addresses these acute financial needs by creating a new system to build trust between lenders and individuals. Beem’s AI fintech stack identifies, acquires, and accurately risk ranks these individuals by giving credit to their consumption habits. As Beem users repay bills, they continue to increase their creditworthiness on the platform — a dynamic that creates resiliency for the company through both positive and negative macro environments.
• Founder-market fit: Beem Founder and CEO, Akshay Krishnaiah, grew up poor and was raised by parents who came from extreme poverty. During this time, Akshay’s mother taught him about consumption smoothing, the concept of creating a balance between spending and saving during different phases of life. This left a lasting impression on Akshay and, following his career at eBay and Paypal, led to the creation of Beem. As a fintech founder, Akshay’s perspective differs from incumbents as he prioritizes a cohort of people who have long been ignored. In addition to Akshay’s empathetic leadership style, he’s skilled in attracting top tier talent and has built a team of seasoned fintech leaders with experience at PayPal, Wally, Citi, Dhani One, and Comviva. Further, Beem has built an impressive list of investors on their cap table, including Massive, Tribe Capital, Village Global, Goodwater Capital, Avesta Fund, and Techstars.