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Beehive - About the company

Beehive is an acquired company based in Dubai (United Arab Emirates), founded in 2014 by Craig Moore. It operates as a Sharia-compliant P2P lending platform for business loans. Beehive has raised $15.5M in funding from Riyad TAQNIA Fund and VentureSouq. The company has 5 active competitors, including 1 that has exited. Its top competitors include companies like Quick Loans, Creditum and Emirates Loan.

Company Details

Beehive offers a sharia-compliant online marketplace for business loans. Investors can invest in loans starting from AED 100. Businesses can borrow up to AED 500,000. The loan term is up to 36 months. Investors receive monthly repayments and profits.
Social
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Email ID
*****@beehive.ae
Phone Number
+971 **********
Key Metrics
Founded Year
2014
Location
Stage
Acquired
Total Funding
$15.5M in 4 rounds
Ranked
Employee Count
61 as on Jul 01, 2024
Similar Companies
Exit Details
Acquired by e& enterprise (May 04, 2023)

Beehive's acquisition details

Beehive got acquired by e& enterprise on May 04, 2023 at an acquisition amount of $23.6M. It was facilitated by Allen & Overy.
Click here to take a look at Beehive's acquisition in detail
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Beehive's funding and investors

Beehive has raised a total funding of $15.5M over 4 rounds. Its first funding round was on Mar 07, 2015. Its latest funding round was a Grant (prize money) round on Jun 20, 2021 for $*****. 1 investor participated in its latest round. Beehive has 6 institutional investors.

Here is the list of recent funding rounds of Beehive:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 20, 2021
4535443
Grant (prize money)
4092036
5383066
2423862
7625731
Mar 03, 2019
3484001
Series B
3292331
1116147
7412283
4520296
Oct 01, 2017
6317709
Series A
7656056
5781423
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Beehive's founders and board of directors

Founder? Claim Profile
The founders of Beehive is Craig Moore. Craig Moore is the CEO of Beehive.
Here are the details of Beehive's key team members:

Beehive's employee count trend

Beehive has 61 employees as of Jul 24. Here is Beehive's employee count trend over the years:
Employee count trend for Beehive
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Beehive's Competitors and alternates

Top competitors of Beehive include Quick Loans, Creditum and Emirates Loan. Here is the list of Top 10 competitors of Beehive, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Beehive
Beehive
2014, Dubai (United Arab Emirates), Acquired
Sharia-compliant P2P lending platform for business loans
$15.5M
58/100
2nd
Logo for Quick Loans
Quick Loans
1986, Dubai (United Arab Emirates), Unfunded
UAE loan and credit card aggregator facilitating comparisons. This platform allows users to compare loan and credit card offers from multiple lenders, focusing on interest rates, fees, and other key features. The service aims to help individuals find the most suitable financial product based on their needs. It provides access to various loan types, including personal, business, auto, and mortgage loans, as well as credit cards and insurance services. The platform's goal is to streamline the process of finding and securing financial products.
-
-
16/100
3rd
SME financing platform offering streamlined applications and competitive rates to connect businesses with institutional lenders
-
-
16/100
4th
Logo for Emirates Loan
Emirates Loan
2012, Dubai (United Arab Emirates), Unfunded
Provider of loan and credit card application services to banks
-
-
16/100
5th
Logo for Qiam
Qiam
2021, Dubai (United Arab Emirates), Unfunded
Provider of financing instruments for investors and borrowers guided by shariah and built on blockchain
-
-
15/100
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Beehive's Investments and acquisitions

Beehive has made no investments or acquisitions yet.

Reports related to Beehive

Here is the latest report on Beehive's sector:

News related to Beehive

lockFilter this list
Media has covered Beehive for a total of 3 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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FAQs about Beehive

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