What is Beam?
Beam operates in the fintech sector, offering a streamlined solution for businesses to manage sales and payments. The platform aims to eliminate friction in the sales process by enabling instant payment updates and supporting a wide array of payment methods, including cards, e-wallets, installments, and Buy Now Pay Later options. This approach allows businesses to close sales more efficiently and improve cash flow.
How much funding has Beam raised?
Beam has raised a total of $2.5M across 1 funding round:
Angel/Seed
$2.5M
Angel/Seed (2022): $2.5M with participation from Surge, Partech International, and Sequoia Capital India
Key Investors in Beam
Surge
Surge, a subsidiary of Catalyte, is a software developer and consulting service that provides custom web, cloud, mobile, digital, and desktop software to clients across all industries.
Partech International
Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar, investing in seed, venture and growth stages across multiple continents with over 1.3B investment capacity.
Sequoia Capital India
Sequoia Capital India, a market leader in private equity and venture, has invested in India in over 30 companies over the last six years, managing four funds totalling $1.1 billion.
What's next for Beam?
With a major strategic investment and substantial total funding, Beam is poised to accelerate its market penetration and product development. The company's focus on simplifying the payment process for merchants and consumers alike suggests a strategic expansion into new markets or enhancement of its existing service offerings. Future developments may include deeper integrations with e-commerce platforms or the introduction of new financial tools to further empower businesses.
See full Beam company page
