Beem scaled trusted onboarding for America's working families with Signzy

About Beem

Beem is Morgan Stanley-level wealth infrastructure and services, delivered in a WeChat-like everyday app, using AI, directly to consumers—for a subscription starting at just $1.99/month.

Built for the 85% of the world's working population. over 500 million working families underserved by today's wealth infrastructure, Beem is starting with the 80 million+ working families in the United States, where nearly 60% of its members are working moms.

Within a single platform, families can earn, save, spend and protect through investment and custodial accounts, everyday savings on essentials, job-loss protection, trust and will services, life insurance, and more.

Today, Beem serves 5 million+ members across all 51 U.S. jurisdictions, supporting over 1 million families, with growth achieved 100% organically. Members pay roughly $60 annually while receiving an average of $609 every year in savings, services, offers and rewards.

As Beem continued to scale, identity verification evolved from a compliance requirement into one of the core foundations of its growth strategy.

The Challenge: Scaling onboarding without increasing fraud or KYC costs

As Beem's member base and product ecosystem expanded across the United States, the platform entered a new phase of growth—one where scale, speed and trust needed to work together.

For Beem, identity isn't simply a compliance requirement—it's a growth driver.

Every verified member becomes a tokenized identity within Beem's trust layer, compounding into one of the most valuable identity assets in U.S. consumer fintech. Today, Beem has over 5 million tokenized identities, enabling the platform to keep first-party fraud radically below industry norms while onboarding nearly 100,000 new members every month through entirely organic acquisition.

Supporting millions of members and a growing financial ecosystem meant identity verification and fraud prevention could no longer operate as standalone functions. Onboarding needed to remain effortless, while the trust layer had to be resilient enough to manage growing volumes and increasingly sophisticated fraud risks.

This was particularly important for Everdraft™—a service that lets members access their own verified incoming deposits early, with no recourse, interest or credit assessment. Delivering that experience securely required Beem to verify each member and their underlying identity signals with speed and confidence.

Ultimately, Beem's success depended on onboarding as many genuine members as possible while protecting the integrity of its trust infrastructure.

“Our focus has always been making access simple for families while staying disciplined about risk. Identity is the foundation of everything we build — Signzy helped us keep verification fast, affordable and invisible to the member, without compromising on standards.”

-Akshay K, CEO and Founder, Beem

Beem’s requirements were clear:

Reliable identity and background verification with minimal user input

High onboarding pass rates without increasing fraud risk

Verification costs that remain manageable at high volume

Low friction onboarding • Low KYC cost • High-quality risk signals.

The asks are simple enough, but near impossible to find in the vendor market.

The Solution: Phone-based identity checks and built-in fraud signals

For Beem, success wasn't determined by coverage alone—it depended on how intelligently identity verification could be applied throughout the onboarding journey.

After evaluating multiple identity providers on performance, scalability and user experience, Beem selected Signzy based on several key capabilities:

Reliable identity prefill to reduce user input

Built-in fraud signals like phone intelligence, risk scoring, etc.

Richer data for underwriting and consumer risk profiling

Multi-source waterfall mechanism for fallbacks

More cost-effective compared to the top 3 US KYC vendors

Partnering with Beem on verification and fraud prevention:

Today, Signzy’s identity verification workflow powers instant identity checks alongside a comprehensive fraud prevention engine that supports member onboarding across the Beem platform.

New members complete onboarding quickly and securely with minimal manual inputs—a critical advantage for a platform focused on serving millions of working families at scale.

“We’ve worked with enough vendors to know that strong compliance often comes at the cost of performance, and vice versa. Signzy was one of the few teams that handled both well. The integration was straightforward, latency stayed low, and we didn’t have to compromise on regulatory standards.”

-Chandan Raj, CTO, Beem

What's Next: Scaling identity-first wealth infrastructure

Beem's roadmap runs through identity.

In the U.S., Beem is extending verified onboarding into physical retail: its free cash-load network already spans 140,000 retail locations, and Beem is in active conversations with some of the nation's largest grocery and retail chains—the kind that serve tens of millions of households every week—about exclusive in-store cash-to-digital programs, where every register becomes an identity-verified banking touchpoint.

Globally, the same architecture targets the 500 million+ working families untouched by today's wealth infrastructure—and, over the coming decade, the billions that the traditional banking system cannot profitably serve.

In that journey, Signzy has become a foundational partner in Beem's goal to become the world's Value Vault—safeguarding more than $2 trillion of the working world's assets, capturing the full wallet share of the world's working families, and helping hundreds of millions of families move from financially surviving to financially thriving.