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§ Private Profile · Dubai, Dubai, United Arab Emirates
Peer-to-peer lending platform connecting SMEs with investors across the GCC, offering conventional and Sharia-compliant financing.
Founded in 2014 by chief executive officer Craig Moore, Beehive is a P2P lending platform based in Dubai that connects creditworthy small and medium enterprises with retail and institutional investors. The company provides both conventional and Sharia compliant digital finance solutions across the Gulf Cooperation Council, generating revenue through origination and servicing fees on financed amounts. As the first regulated P2P lending platform in the Middle East and North Africa, Beehive has accumulated 18,500 active users and facilitated approximately $650 million in total funding for regional businesses. Before its acquisition, the enterprise raised a $5 million Series A funding round led by Riyad TAQNIA and secured institutional backing from the Mohammed Bin Rashid Fund. In 2023, technology conglomerate e& enterprise acquired a 63.3 percent majority stake in the business for $23.6 million, establishing a $35 million corporate valuation.
Beehive has raised $9.0M across 2 funding rounds.
Beehive has raised $9.0M in total across 2 funding rounds.
Beehive has raised $9.0M in total across 2 funding rounds.
Beehive's investors include Riyad TAQNIA Fund, Mohammed Bin Rashid Fund.
Beehive has raised $9.0M across 2 funding rounds. Most recently, it raised $4.0M Series B in March 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 4, 2019 | $4M Series B | Riyad Taqnia Fund | — | Announced |
| Oct 2, 2017 | $5M Series A | Riyad Taqnia Fund | Mohammed BIN Rashid Fund | Announced |