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CompanyProfile

Instant, inclusive

services with

powerful finance app

ISO/MLS contact:
eem, established as Line Financial PBC in
2020, and launched the following year, is a Anila Kurian
smart wallet app designed to make financial
B services more accessible and inclusive, stated PR Manager
the company's founder and CEO, Ashkay Krishnaiah, 1-323-641-4224
who credits the idea for the app to his adventures in pay-
ments and the gig economy. anila.kurian@trybeem.com
"I garnered extensive insights—such as how over 100 mil-
lion people have their risk profile, needed for everything of its AI building blocks to rapidly expand the economy
from rent to paying for medicines, mislabeled or never while equitably distributing goods, services and facilitat-
labeled at all—from my tenure with PayPal, BillMeLater, ing payments.
Xoom, Braintree, and Venmo," he said, adding that he
gained more knowledge when he paused his career to End-to-end, personalized finance
become a full-time Uber and Lyft driver in the San Fran-
cisco Bay Area. Beem is a comprehensive financial app designed to cater
to user needs while providing essential tools for financial
Noting that Beem equips users with a comprehensive success and security, Krishnaiah noted. He described the
suite of financial tools, Krishnaiah said Beem has close to company's features and benefits as follows:
2 million subscribers using its service and has processed
over $100 million to date. The company's mantra, "pur- • Everdraft: Consumers can set aside money for a
poseful intent," is reflected in its team-building and hir- rainy day, but if the rainy day occurs ahead of time,
ing practices, which creates intentional efforts and activi- they can access the funds at no charge, without hav-
ties that drive stakeholder value, he noted. ing to deal with early debit or interest fees, credit
checks or even due dates. In addition, users can add
Self-evolving AI money for free and send it to anyone for free, even
consumers who do not have a bank account.
Krishnaiah mentioned that Beem initially built a self-
evolving AI layer on top of traditional pipes such as • Send money, pay later: Consumers can send money,
customer acquisition, ID verification, KYC, AML, fraud, gift cards, prepaid cards, checks and more instantly
risk and payments, and that layer rapidly evolved into to anyone, even those without a bank account, from
AI building blocks that power everything on Beem, from anywhere at any time.
customer acquisition to payments. In fact, he said, the AI
components can be combined in numerous ways, which • BFF - The Better Financial Feed: Consumers can
is a key differentiator and competitive advantage for the avoid fees with this AI-powered budgeting tool,
company. pay bills on time, reduce insurance premiums and
more. Among its benefits are free tax filing, credit
Krishnaiah recalled that launching in the fall of 2021 score monitoring and identity theft protection for
was a thrilling milestone. "In just over a year, our Cus- Beem users.
tomer Acquisition AI block has helped us show up a bil-
lion times in searches performed by 100 million working Partnership opportunities
Americans," he said. "We have gained an impressive 5 Krishnaiah pointed out that Beem easily integrates with
million downloads, thanks to this, and have nearly 2 mil- POS systems, providing ISOs and merchant level sales-
lion registered working Americans. people with an addressable market of 100 million work-
ing Americans with over $10 trillion in annual spending
Additionally, we have successfully prevented millions of power. These workers, he noted, are frequently excluded
financial emergencies for these working Americans while from traditional payment options.
becoming profitable by the end of fiscal year 2022, which
is a major accomplishment for our company." Your merchants can pick and choose AI modules that
power Beem in the near future to further bolster their ef-
However, Krishnaiah added what excites the company the forts, from customer acquisition to AI-powered fraud and
most is what the future holds for Beem and the potential risk-free low-cost payment processing," he said.

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