Welcome to Beehive

Welcome to the Beehive blog

Welcome to the new Beehive blog where we will post up the latest developments and news from Beehive and the peer-to-peer lending industry as well as market trends, best practice and expert advice from our team and guest bloggers. In the coming months we will be using this space to introduce you to Beehive and familiarise you with the concept of Peer to peer financing. We are very excited about the future as Beehive just keeps growing more and more. Based in Dubai and serving the UAE, Beehive is the UAE’s first peer-to-peer lending platform. Beehive directly connects established, creditworthy

adminAug 16, 2015

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Peer-to-Peer Finance: Enabling SMEs to reach their potential

adminAug 12, 2015

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 – a primary challenge All that attention has also highlighted

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

adminAug 04, 2015

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, Eureeca, and Craig Moore, founder and CEO, Beehive – have

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

adminJul 16, 2015

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 staff and refinance existing debt, saving them on average up

Know Your Numbers: The Importance of Bookkeeping for SMEs

adminJul 09, 2015

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 opportunities in the country, there is much at stake. Given

The cost of a healthy cash flow for the SME sector

adminJun 30, 2015

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 terms to up to four months, large corporates can increase

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

adminJun 20, 2015

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 have been working ever since. I worked part-time while in

Small firms need to be sticklers at book-keeping

adminJun 10, 2015

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 keeping, recording sales and purchase transactions on a piece of

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CRAIG MOORE, FOUNDER AND CEO OF BEEHIVE

adminMay 27, 2015

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 Software, a business he set up in the UK which