e& enterprise acquires majority stake in Beehive

e& enterprise acquires majority stake in Beehive

Press release:

e& enterprise, part of e&, announced the signing of a binding agreement to acquire a majority stake in Beehive, Mena’s leading peer-to-peer digital platform to tap into opportunities in the Small and Medium Enterprise (SME) lending market.

Beehive, founded in 2014, leads the crowdfunding platform space in the UAE, with operations in KSA and Oman. It connects creditworthy SMEs seeking finance with investors, both private and institutional, offering conventional as well as Sharia-compliant loans. The company recently reached the milestone of facilitating over Dh1.5 billion worth of loans.