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Aug 16, 2015
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Peer-to-Peer Finance: Enabling SMEs to reach their potential

Aug 12, 2015
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Small to medium sized enterprises (SMEs) have been gaining considerable attention in recent years as countless organizations and events have focused on SMEs and their contribution to the world’s economies. The newfound focus on SMEs is driven by their promise of job creation, but also by their growing role as catalysts of innovation, growth and ultimately prosperity. Access to capital

Craig Moore and Ravi Bhusari-StartUp 04/06/2015
Photo by Efraim Evidor/ITP Images

StartUp Academy to focus on alternative finance options for SMEs and start-ups

Aug 04, 2015
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The next Arabian Business StartUp Academy, scheduled to take place on Monday, August 17, will focus on what online crowdfunding platforms offer to SMEs and start-ups. In cooperation with RAK Free Trade Zone, this month’s breakfast workshop, starting at 8.30am at the Address Hotel Downtown Dubai, aims to present what innovative Dubai-based entrepreneurs – Sam Quawasmi, managing director and co-founder,

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Beehive channels over AED 12 million ($3 million) finance to more than 25 SMEs in the UAE

Jul 16, 2015
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Beehive, the UAE’s online marketplace for peer-to-peer finance, announced it has facilitated over AED 12 million ($3 million) in finance for more than 25 small and medium-sized enterprises (SMEs) in the UAE since its launch in November 2014. The funds, raised from investors on the Beehive platform, have allowed businesses across a broad range of sectors to expand, recruit more

Know Your Numbers: The Importance of Bookkeeping for SMEs

Jul 09, 2015
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Proper bookkeeping is important to sustaining and growing any business. Perhaps nowhere is this more evident than in the expanding SME sector, where businesses inability – and sometimes unwillingness – to maintain proper accounting records could lead to businesses failure. . With an estimated 300,000 SMEs contributing more than 60% of the UAE’s GDP and providing the bulk of employment

The cost of a healthy cash flow for the SME sector

Jun 30, 2015
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Maintaining a healthy cash flow is integral to the survival of any business. Historically, extended payment terms often indicated that a company was experiencing cash flow problems, however recently a growing number of the world’s largest corporates now demand 90 to 120 days to pay their suppliers as a business strategy to maximize their working capital. By extending their payment

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Money & Me: Risk enabled Beehive founder to set up in UAE

Jun 20, 2015
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Craig Moore is the founder and chief executive of Beehive, a peer-to-peer lending platform he launched last year. This is the second venture for the 42-year-old Briton, who previously founded Butterfly Software, a data analytics and migration software company, before selling it to IBM in September 2012. Describe your financial journey so far. I started delivering papers at 13 and

Small firms need to be sticklers at book-keeping

Jun 10, 2015
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A lacklustre approach to maintaining will show up badly when tapping credit The importance of maintaining proper accounting records by SMEs cannot be overstated. Yet many entrepreneurs and business owners do not take keeping a record of accounts seriously, placing it low on their list of priorities. Often, small businesses adopt what is known as a ‘shoebox’ approach to record

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CRAIG MOORE, FOUNDER AND CEO OF BEEHIVE

May 27, 2015
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Late last year, Beehive made a huge splash in the sea of banking and finance within the UAE, when they emerged as an alternative route to securing finance for SME Business. But who is behind the brand that everyone is talking about? Craig Moore is the founder and CEO of Beehive, but previously also the Founder and COO of Butterfly