Participated · Series A · Oct 2017

Beehive is a Dubai-based peer-to-peer lending platform that directly connects SMEs looking for finance with retail and institutional investors. The platform has facilitated more than 450 business funding requests and its funding volume approaches $100M. It has registered nearly 10,000 international retail and institutional investors. Led by founder and CEO Craig Moore, Beehive has raised $15.5M since launch. The company says it will use the latest funding to drive expansion across the GCC and Southeast Asia and to support partnerships in those markets. Recent commercial activity includes a partnership with Thanachart Bank in Thailand to provide a Value Chain Financing Program for SMEs. Beehive is a Dubai-based P2P platform that provides Sharia-compliant financing solutions to established SMEs across the MENA region. The platform facilitates financings from AED 100,000 for up to three years by directly connecting businesses with a crowd of investors. Individual investors can invest from AED 100 and Beehive undertakes thorough due diligence on each listed business, facilitating the finance agreement and charging a small percentage fee. Led by founder and CEO Craig Moore, the company has facilitated over $35m (AED 130m) to more than 200 business funding requests and registered more than 5,000 international investors. Beehive intends to use the new funds to further expand its digital model and drive product and market expansion. The company recently closed a $5m Series A to support those plans.