THE MIDDLE EAST’S

28. Beehive

Description: SME-focused digital finance solutions provider
Headquarters: U.A.E.
Date of Establishment: 2014
Founder: Craig Moore

The peer-to-peer lending platform provides digital finance solutions for SMEs, financial institutions, and investors. In July 2023, e& acquired 63.3% of Beehive for $23.6 million. The company has facilitated $650 million in SME funding. The company operates in the U.A.E., Saudi Arabia, and Oman. Beehive has 18,500 active users as of December 2023. Before founding Beehive, Craig Moore was the founder and COO of Butterfly Software, a U.K.-based data analytics and migration software company that was acquired by IBM in September 2012.