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Beehive Quarterly Recap:
Q2 2024 Achievements

August 19 2024

We are delighted to present the latest edition of our quarterly blog. In this issue, we will showcase our recent accomplishments and share the latest news and developments from the past quarter.

Outreach & visibility updates:

During the last quarter, we were actively engaged in Beehive’s outreach and visibility initiatives. We are thrilled to have been featured on several esteemed platforms where we showcased our impact on bridging the gap between SMEs and investors.

Our CEO and founder, Craig Moore, appeared on the Access Tomorrow Podcast hosted by Visa Middle East. In the episode "Funding the Future: Exploring Financing Options for SMEs", he discussed the current lending landscape in the GCC and how our innovative digital platform is revolutionizing SME financing.  
Watch interview

Visa Podcast

We were honored to be featured on the prestigious Forbes Middle East list as one of the top 50 players revolutionizing the fintech landscape.
Read more

Forbes Middle East

Our CEO participated in a panel discussion on the future of the fintech industry at the Dubai Fintech Summit.
Read more

Dubai Summit

Stats updates:

Through our rapid, digital, and accessible funding, we have supported the growth of numerous SMEs in the Gulf region. We have successfully funded 1,500 businesses with over OMR 290 million, and the support from our Beehive +15K investors has been instrumental in their growth.

1500+ Business
requests funded 

15K+ Investors
helping businesses

Over 290 Million+
OMR funded

Furthermore, at Beehive, we have reported a non-performing loan (NPL) ratio of less than 1.5% on our entire financed portfolio. Additionally, we have had zero loan defaults for all loans issued in Q2 2024, highlighting the strength and reliability of our credit and risk assessment operations.

Regulatory and compliance updates:

In its 2023 Annual Report, the DFSA highlighted significant growth and development in the financial sector. Some of the key highlights from the report include:

As we look forward to the next quarter, we remain dedicated to driving innovation and supporting the ambitions of businesses that are shaping the future. Stay tuned for more updates as we continue to bridge the gap between SMEs and investors, fueling growth and success together.

Learn more about Beehive here

Learn more about Beehive here

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