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.
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.
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.
