UAE based P2P lending platform Beehive has raised a $5m Series A led by Riyad TAQNIA Fund
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Fintech Peer to Peer Lending Platform, Beehive, Raises $5m Investment
To date, Beehive has successfully facilitated finance over $35 million (AED 130 million) to more than 200 business funding requests and registered more than 5000 international investors. In March, Beehive became the first peer to peer lending platform in MENA to be regulated. Launched in 2014, Beehive uses innovative technology to directly connect businesses with investors, giving SMEs faster access to lower cost finance and investors attractive returns and diversified risk.
