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We are delighted to present the latest edition of our quarterly blog. In this issue, we will showcase our recent accomplishments and share the latest news and developments from the past quarter.
Outreach & visibility updates:
During the last quarter, we were actively engaged in Beehive’s outreach and visibility initiatives. We are thrilled to have been featured on several esteemed platforms where we showcased our impact on bridging the gap between SMEs and investors.
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Visa Podcast
Forbes Middle East
Dubai Summit
Visa Podcast
Forbes Middle East
Dubai Summit
Visa Podcast
Forbes Middle East
Dubai Summit
Stats updates:
Through our rapid, digital, and accessible funding, we have supported the growth of numerous SMEs in the Gulf region. We have successfully funded 1,500 businesses with over AED 2.9 billion, and the support from our Beehive +15K investors has been instrumental in their growth.
1500+ Business
requests fundedΒ
15K+ Investors
helping businesses
Over 2.9 Billion+
AED funded
Furthermore, at Beehive, we have reported a non-performing loan (NPL) ratio of less than 1.5% on our entire financed portfolio. Additionally, we have had zero loan defaults for all loans issued in Q2 2024, highlighting the strength and reliability of our credit and risk assessment operations.
Regulatory and compliance updates:
In its 2023 Annual Report, the DFSA highlighted significant growth and development in the financial sector. Some of the key highlights from the report include:
-
In 2023, the DFSA saw a 25% increase in licensing, bringing the total licensed firms to 791. This shows growing confidence in the region for financial services firms1. -
A remarkable 50% year-on-year increase in applications across all business models, reflecting the robust growth and diversity of the financial services sector1. -
There was a robust growth in Environmental, Social, and Governance (ESG) securities listings, recording USD 11.72 billion in total value of new ESG bonds and Sukuk listed β bringing the total outstanding ESG securities to USD 27 billion as of year-end1. -
The report also noted over 40 domestic fund registration applications, signalling a buoyant investment landscape1.
As we look forward to the next quarter, we remain dedicated to driving innovation and supporting the ambitions of businesses that are shaping the future. Stay tuned for more updates as we continue to bridge the gap between SMEs and investors, fueling growth and success together.
Any questions?
Book a call with our Investor Relations team here:
If you require more information, contact us at investors@beehive.ae
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Learn more about Beehive here
Learn more about Beehive here
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