Manama, Bahrain, 4 March 2019: The Economic Development Board of Bahrain (EDB) and Beehive today announced the launch of Beehive, a debt-based crowdfunding platform, in Bahrain which will open up new funding avenues for SMEs and help drive innovation across the Kingdom and region. 

Beehive, launched in Dubai in 2014, is MENA’s first regulated peer to peer lending platform and one of the region’s leading fintech pioneers. It uses innovative crowdfunding technology to eliminate the cost and complexity of conventional finance by connecting businesses directly with investors. The result is a more efficient, streamlined process that gives businesses faster access to lower cost loans and investors better returns on their money and diversified risk.