Founders: Craig Moore
The Middle East’s 50 Most-Funded Startups
Rank: #16
Beehive
Country: U.A.E.
Funding: $18 million
Investors: Riyad Taqnia Fund, Cultiv8, DIFC, Angel investors
Founded In: 2014
SME-focused digital finance solutions provider
Beehive is a peer-to-peer lending platform, regulated by the Dubai Financial Services Authority. It provides digital finance solutions for SMEs, financial institutions and investors. Since its launch, businesses have borrowed more than $162 million through the company, with more than 12,000 investors registered on the platform. The Dubai-based startup closed a funding round of $6 million in 2020, led by Riyad Taqnia Fund and DIFC, which brings its total funding to $18 million to date.