In the latest edition of our quarterly blog, we are excited to showcase the latest developments and share exciting news from the past quarter. 2024 has been a year rich with growth and valuable partnerships shaping Beehive’s future. Take a look:
Outreach & visibility updates:
We’re thrilled to have been featured on multiple esteemed platforms, where we showcased our impact in connecting SMEs with investors:
Founders unfiltered series:
We’ve also partnered with the DIFC team to share Beehive’s authentic story and mission through “Founders Unfiltered Stories”.
Stats updates:
Through our rapid, digital, and accessible funding, we’ve supported the growth of multiple SMEs in the Gulf region. We have successfully funded 1,600 businesses with over SAR 3 Billion in SME funding. The support from our Beehive +15K investors has been instrumental in their growth.
1600+ Business
requests funded
15K+ Investors
helping businesses
Over SAR 3 Billion+
funded
Commercial updates:
A significant milestone for our commercial team – Beehive UAE has signed its first Key Account Banking Partner, ADCB. This agreement is the first of its kind, positioning Beehive as a trusted partner for financial institutions.
Tech updates:
This quarter, Beehive UAE launched Direct Debit as our primary collection method for Term Finance loans and replaced the manual cheque collection process.
Honours and recognition:
We’re thrilled to announce that we’ve been awarded the “Fastest Growing P2P Fintech Company in the UAE” by Global Business Outlook.
Assessing MENA’s financial
resilience amid U.S rate cuts
In our 5th Beehive Insight edition, discover how lower interest rates and a weaker U.S. dollar are positively affecting the performance of SMEs in the MENA region.
SDB project update:
A significant achievement has been made by the KSA SDB project team, they have infused more than SAR 200 Million into SMEs across the Kingdom of Saudi Arabia.
KSA has a new office!
Beehive KSA has moved into a new office in Riyadh. This new space represents our growing commitment to continue supporting SMEs in the region.
BIBAN 2024
Our team was on-ground at the Biban 2024 forum, connecting and exchanging ideas with SMEs and event visitors. We also showcased Beehive’s tailored business funding solutions to help companies accelerate their growth.
As we enter the next quarter, we’re excited to continue fuelling innovation and supporting the visionary businesses shaping our future. We’re dedicated to connecting SMEs with investors. Together, we fuel growth and success.
This blog is for information purposes only, pending regulatory approval.
In Oman, Beehive is regulated by the FSA; In UAE, Beehive is regulated by the DFSA.