Beehive, MENA's leading peer to peer lending platform, has secured $4m of follow on investment from Riyad TAQNIA Fund (RTF) as part of a Series B funding round. This latest round brings the total raised by Beehive to US$15.5m since its launch.
Craig Moore, Beehive Founder and CEO said, "This investment is testament to the success of the Beehive digital model and demonstrates RTF's continued commitment to our growth. The investment will help us execute the exciting expansion plans we have for the GCC and South East Asia."
Beehive has continued to deliver strong growth and successfully facilitated funding approaching US$100m to more than 450 business funding requests and registered nearly 10,000 international retail and institutional investors.