About Beem It
Beem It is a company based in Sydney (Australia) founded in 2010 was acquired by eftpos in November 2020.. Beem It offers products and services including Beem App, Cashback Rewards, and Bill Splitting Tool. Beem It operates in a competitive market with competitors including MoneyGram, CarePay, Payonix, mHITs and EonX, among others.
- Headquarter Sydney, Australia
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Digital Wallet Pty Ltd
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Products & Services of Beem It
Beem It offers a comprehensive portfolio of products and services, including Beem App, Cashback Rewards, and Bill Splitting Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for secure payments and financial management
Service to earn cashback on linked card transactions
Feature to split and request payments from users
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Software Development Team
6 people
Product Management Team
2 people
Principal Team
1 people
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Funding Insights of Beem It
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Beem It
Beem It has secured backing from 1 investor. Prominent investors backing the company include eftpos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Debit card payment network
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beem It
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beem It
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beem It Comparisons
Competitors of Beem It
Beem It operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, CarePay, Payonix, mHITs and EonX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Enables QR-code-based online payments for utility bills and money transfers.
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| domain | founded_year | HQ Location |
Provides mobile payment and remittance services for unbanked users worldwide.
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| domain | founded_year | HQ Location |
Loyalty and payment solutions are provided for consumers and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beem It
Frequently Asked Questions about Beem It
When was Beem It founded?
Beem It was founded in 2010.
Where is Beem It located?
Beem It is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Beem It?
Mark Wood is the current CEO of Beem It.
What does Beem It do?
Provider of a mobile payment app facilitating peer-to-peer transactions. The app enables users to send and receive money instantly, eliminating the need for traditional banking details. Additional features include the ability to store loyalty cards, transfer funds between different bank accounts, and pay bills. The platform prioritizes security through encryption and real-time fraud monitoring. It also offers functionality for splitting bills among groups and sending money with personalized elements like GIFs and gift cards.
Who are the top competitors of Beem It?
Beem It's top competitors include MoneyGram, CarePay and Velocity Frequent Flyer.
What products or services does Beem It offer?
Beem It offers Beem App, Cashback Rewards, and Bill Splitting Tool.
Who are Beem It's investors?
Beem It has 1 investor. Key investors include eftpos.
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