Maryland company works to develop more efficient processes for the financial service industry
TEDCO, Maryland’s economic engine for technology companies, announced a recent $100,000 Pre-Seed Builder Fund investment in Beyond Commissions. TEDCO’s Pre-Seed Builder Fund is housed under TEDCO’s Social Impact Funds which were created to engage and invest in economically underserved founders and communities.
“Today, technology is ingrained in our way of life. So, it only makes sense to leverage its capacity for efficiency,” said Nigel Knowles, president of Beyond Commissions. “Thanks to TEDCO’s investment, Beyond Commissions can continue to grow and expand our reach.”
Beyond Commissions, located in Columbia, Md., has developed a revenue and commissions accounting software as a service (SaaS) platform for the life insurance and financial services industries. Through their platform, they offer modules allowing organizations to track and reconcile revenue, calculate compensation payouts, and provide direct access to downline advisors on payout data. All modules can be delivered individually, or as a collective, allowing users to customize their experience based on their needs.
“The current modules offered by Beyond Commissions have the potential to support many different companies,” said Jean-Luc Park, senior director, Social Impact Funds. “TEDCO’s Social Impact Funds were created to support innovative technology companies like Beyond Commissions.”
Beyond Commissions has utilized several of TEDCO’s resources including the Loaned Executive and Network Advisors programs, both of which are offered through TEDCO’s Entrepreneur and Ecosystem Empowerment (E3) department.
Builder Fund companies are provided with resources like hands-on executive support, peer-to-peer mentoring and collaboration, and networking opportunities. For information about TEDCO’s Builder Fund, visit https://www.tedcomd.com/funding/builder-fund.
For more information, visit our page at https://www.tedcomd.com/funding.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com
