Member News: We welcome Beehive to connect businesses and investors using innovative technology
Oct 16, 2020
Washington D.C., October 16, 2020- Beehive joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide, through knowledge exchange and innovation.
“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome Beehive to our network of 200 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the SME Finance Forum.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
Beehive eliminates the cost and complexity of traditional finance and provides an efficient, streamlined funding process. Their digital platform provides a suite of digital finance solutions for SMEs, financial institutions, and investors. Since the launch, businesses have borrowed over USD $170 million more than AED600 Million through their platform.
“We have established a committed and dynamic team of individuals who possess a wealth of experience of financial markets and technical innovation, both in the UAE and internationally. As a member of the SME Finance Forum, we hope to expand this experience and knowledge with the larger SME financing community,” said Craig Moore, Founder of Beehive.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
Based in Dubai, Beehive P2P Limited is the first peer to peer (P2P) lending platform in MENA to be regulated by the DFSA. As a leading Fintech pioneer, they use innovative technology to directly connect businesses seeking fast, affordable finance with investors who can help fund their growth.