Beehive in the news

From delivering digital lending solutions faster to empowering the SME ecosystem, Q2 was about pushing the boundaries of what’s possible for businesses in the GCC.  Here’s the quarter in focus.

Before finding Beehive, Highway Café was ready to grow, but like many ambitious SMEs, they faced a few roadblocks. Reaching the right audience in a competitive market, keeping costs in check without compromising quality, and building a capable and committed team all require investment. They needed funding to expand their branches and upgrade essential equipment, without putting pressure on their day-to-day operations.

As an early-stage business, Desert Chill faced two critical challenges common to many growing small to medium-sized enterprises (SMEs): managing the cost of capital and maintaining a healthy cash flow. With a limited credit history, traditional borrowing options were expensive and restrictive, risking long-term growth. At the same time, even with strong demand, the business faced operational strain due to mismatches between revenue inflows and expense outflows.

A quarter that not only redefined the pace of our growth but also reinforced Beehive’s position as a pioneer in the digital SME lending space across the GCC.

Understanding the broader industry landscape is crucial to Beehive’s credit assessment process. When evaluating SMEs, Beehive doesn’t just assess the financial health of an individual business—we also analyse the industry in which it operates.

Discovery Travel, based in Oman, creates memorable travel experiences for families, groups, corporate clients, solo travellers, schools, and organizations. They design tailored holiday packages and meaningful travel solutions, helping Omani travellers explore the world while promoting Oman’s beauty through inbound tourism.

Weeks to get an answer. Months to get funded. And that’s if funding is approved. Over half of Small and Medium Enterprises (SMEs) are snubbed by traditional banks1. The rest face a painfully slow process riddled with bureaucratic red tape, hidden costs, and missed opportunities.

Charged Advanced Vehicle specialises in premium EV car charger installations and accessories for Tesla models and EV charger solutions for villas, buildings, warehouses, factories, and public spaces. 

In 2016, KNOW Creative started as a brand consultancy agency and expanded into a production and motion graphics service agency, ensuring creativity is at the heart of everything they do.

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.

In 2016, Bkam was on the verge of dominating the price comparison space in MENA. The Egypt-based startup secured investments and expanded into promising markets like Saudi Arabia and the UAE.

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.