Dubai’s most prominent peer to peer lending giant Beehive have procured a huge $4million investments from Riyad Taqnia Fund (RTF) for the GCC and South-East Asia’s expansion drive 2019.
Beehive’s official statement released by its founder and CEO Craig Moore quoted that “It has raised total fund surplus worth $15.5 million since its launchpad and as well that it is its testament to the success of its digital model of diversified and continuous Investment drives.”
It also successfully demonstrates the RTF’s continued commitment and dedication workforce towards the surging ahead plans in GCC and entire South East Asian expansion drive in the first quarter of the year 2019.
Beehive since its inception in 2014 has been a leading fintech pioneer in the region catering their innovative and diversified spec of digitalised solutions to more than 450 business, SME’s as well start-ups thus stabilising their funding accessibility.
They boast a vast experienced network of near about 10,000 International retail and Institutional investors who have successfully facilitated International funding worth $100 millions to serve in excess of 1000 and more counting Industrial units across length and breadth of the region.
According to the words as quoted in by the Deputy CEO, Riyad Capital, Adel Al-Ateeq, “Beehive platform is the global pioneers in the innovative crowdfunding technology and largest peer to peer lending group that helps connect the businesses seeking finance needs directly with the appropriate Investor to support them in their future perspective, growth and profitability.”
They also with their digitalised innovative deals helps to eliminate the cost and the complexity of the conventional finance which is outdated. They also educate the businesses about the various risk factors involved during the process of crowdfunding and supports them in mitigating the multiple risks and achieve high profits and production standards.
Beehive is also the first crowdfunding institution powering Thailand, Malaysia, Singapore etc. especially in Thailand with a proven partnership with Thanachart Bank to support an all Innovative digitalised Value Chain Financing Program for SME’s.
They are also keen to expand their base in Saudi Arabia and Mena Countries within 2023 that will open the floodgates of new innovative, diversified funding options to Saudi Arabia as well as Mena Countries in the near future. Thereby, it will lend hugely to curb the financial debts and deficits in these regions.
Mr Moore the founder and CEO of Beehive also quoted that “Post 2019 they are also planning to launch an instant-funding application which will also be fully digitalised as well hassle free based on Sandbox regulatory platform decided on the trustworthiness and credit rating system of the businesses, start-ups etc.”
Thus within 2025, Beehive wishes to be a recognised and most trusted peer to peer global lending giants across GCC, South-East Asia and Mena regions thus powering the functionality of lead, innovative businesses, SME’s and start-ups.