# Beehive P2P

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beehive-p2p

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.beehive.ae
- Total disclosed funding: $9M
- Latest round: Series B (Mar 3, 2019)
- Investors on record: 2

## About

Beehive P2P Limited is a Dubai-based digital lending platform that connects SMEs in the MENA region with global investors, facilitating swift peer-to-peer financing solutions for businesses in need.Founded in 2013 in Dubai, United Arab Emirates, Beehive P2P Limited operates as a digital SME lending platform. The company has engaged in three deals, with its most recent being a Series B round on May 4, 2023, led by Riyad Capital, raising USD 4.00 mn. The company is currently valued at USD 35 mn, following a majority stake acquisition by E& Enterprise Holding Limited, which is subject to regulatory approval.Beehive P2P Limited operates as a digital SME lending platform, specifically catering to small and medium-sized enterprises (SMEs) in the MENA region. The platform facilitates peer-to-peer (P2P) lending by connecting businesses in need of financing with a community of global investors who are interested in funding these requests. This innovative approach allows SMEs to access funds quickly, often within a matter of days, while offering investors opportunities to earn attractive returns on their investments. Beehive’s platform serves a diverse range of established businesses, with a focus on enhancing the financial capabilities of SMEs across various sectors in the Middle East and North Africa.Beehive generates revenue through a transaction-based model, earning income from fees associated with loans facilitated on its platform. When a business secures funding through Beehive, it pays a fee based on the total amount borrowed, which contributes to the company's overall revenue stream. Additionally, investors who participate in funding these loans may incur transaction fees as well, reflecting the platform's operational costs. This model fosters direct B2B relationships, connecting SMEs with investors without traditional banking intermediaries.In May 2023, E& Enterprise Holding Limited agreed to acquire a 61% majority stake in Beehive P2P Limited, aiming to enhance lending solutions for SMEs across the region. This acquisition is subject to regulatory approval and customary conditions and is part of Beehive's strategy to increase its financing capabilities. The company plans to leverage this funding to further develop its platform and expand its services into new markets within the MENA region, focusing on enhancing financial inclusion for SMEs.

## Funding rounds

- Series B, Mar 3, 2019, $4M — Riyad Capital
- Series A, Oct 1, 2017, $5M — Riyad Capital, Mohammed Bin Rashid Innovation Fund

## Investors

- Riyad Capital (https://capitalatlas.ai/funds/riyad-capital) — Series A, Series B
- Mohammed Bin Rashid Innovation Fund — Series A