Established in 2017, the partnership between The Mohammed Bin Rashid Fund for Small and Medium Enterprises (the Fund) and Beehive, a peer-to-peer lending platform, has developed and evolved into an alternative innovative financing solution for SMEs.
Over the last five years, the Fund has supported 1,224 SMEs to secure more than AED 145.8m in financing through Beehive. Invoice Finance had a significantly large share of AED 138.1m.