Beam Secures $27 Million in Series B Funding, Igniting a FinTech Revolution

Key Takeaways

  • Portugal-based startup Beam has raised $27 million in Series B funding.
  • The company specializes in blockchain, cryptocurrency, mobile payments, marketing, and retail technology.
  • The recent round was led by Alex Cheiman, making it Beam’s first and only fundraising round to date.
  • The funds raised will be used to accelerate Beam’s goal of transforming 21st-century payments and marketing.

Beam, a startup aiming to transform payments and marketing for the 21st century, has successfully raised $27 million in a Series B funding round. The Lisbon, Portugal-based company is creating waves in the FinTech sector, leveraging blockchain and cryptocurrency technologies to reimagine payments and retail technology.

The funding round, which marks Beam’s first venture into attracting capital, was led by investor Alex Cheiman. With this substantial financial backing, Beam is poised to pioneer advancements in mobile payments, a market ripe for disruption in today’s digital age.

With its Crunchbase profile highlighting its specialities in blockchain, cryptocurrency, FinTech, marketing, mobile payments, payments, and retail technology, Beam is perfectly positioned at the intersection of technology and finance. This recent influx of capital will enable the company to accelerate its mission and bring about transformative changes in the payment industry.

As described on its official website, Beam’s ambition is to redefine the traditional notions of payments and marketing. By merging these sectors with emerging technologies, the startup aims to create a seamless and user-centric experience. This vision, now bolstered by $27 million in funding, promises to create a new paradigm in the global financial ecosystem.

This significant fundraising event, which took place on July 1, 2023, signals a robust vote of confidence in Beam’s innovative approach and potential. As more businesses and consumers embrace digital payments and blockchain technologies, Beam’s unique solution is ideally suited to meet the demands of a rapidly evolving market.

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Investor Alex Cheiman’s lead role in this Series B funding round reaffirms the growing interest among tech-savvy investors in startups that leverage blockchain technology to disrupt traditional sectors. As Beam continues to evolve, its influence on the FinTech industry is set to grow proportionally.

Watch this space as Beam steps up to lead the charge in the transformation of 21st-century payments and marketing, powered by its impressive $27 million Series B funding. This investment is likely to accelerate the company’s growth, and Beam’s journey will undoubtedly be a fascinating one to follow.

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