H1 of 2023 has brought Beehive a remarkable period of growth and success, and I’m excited to update you on the most recent developments. Firstly, we have reached AED 2 billion in SME Funding!
I am proud to announce that e& enterprise recently acquired a majority stake in Beehive. This is a significant milestone that marks a new chapter of opportunities and advancements, strengthening our position in the market and enabling even greater value to our SME clients and investors.
Additionally, I am pleased to welcome Sharakah as a new platform investor to Beehive Oman, expanding our network of supporters who share our vision for empowering SMEs in the Sultanate. Their involvement will undoubtedly accelerate growth and opportunity.
I extend my gratitude to our clients, investors, partners, and team members who have been instrumental in driving our success. Together, we are shaping the future of SME finance and making a positive impact in the community.
We are excited to announce that Beehive has officially raised AED 2 billion in SME funding, helping small businesses in the GCC countries expand and thrive!
e& enterprise Acquires Beehive: Accelerating SME Finance and Driving Innovation
e& enterprise has acquired a majority stake in Beehive! This strategic milestone presents a huge opportunity for Beehive to accelerate SME finance across the region, and drive innovation and collaboration into the market.
The Beehive team are very excited to work alongside e& enterprise, a market leading technology company, and can’t wait for Beehive’s SMEs and investors alike to benefit from the opportunities it will present.
Sharakah Joins Beehive Oman
Sharakah joins Beehive Oman as an esteemed investor, further strengthening our mission to empower SMEs in the Sultanate of Oman.
This partnership opens new avenues of growth and funding opportunities for SME owners.
Read the full article here.
Case studies: Funded SMEs
We are thrilled to announce that Beehive was awarded the Outstanding Contribution of the Year for Fintech Solutions, at the AIBC Eurasia Awards award in March.
This award serves as a testament to our unwavering commitment to excellence in the fintech industry, and we strive to continue providing exceptional services and solutions to our customers.
Launch Party in Oman
We kicked off the new year in style and hosted a party to launch Beehive Oman in January. Deputy head of the Public Authority for SME Development, Abdul Aziz al Reesi, was present to inaugurate the event.
This marks an important milestone in our expansion efforts and demonstrates our commitment to providing our services to clients in new markets.
Take a look at some photos from our launch party at The Crowne Plaza, Muscat.
CNN Business Arabic
Crowdfunding is more than just borrowing and investing, it is about making a positive impact!
Hear from our Director of Sales, Mark Griffith, as he explains to CNN Business Arabic how Beehive helps SMEs get funding through its digital lending platform.
Featured SME: Sported
Sported.ae, a specialized sports distribution company concentrating on triathlon, running, cycling, and swimming, is this month’s featured SME on Beehive.
We spoke with the company’s co-owner, David Hunt, following its successful investment round at Beehive to learn how Beehive’s Term Finance helped the company.
View the article here.