Beehive has become the first peer to peer lending platform to set up offices in the Dubai International Financial Centre (DIFC) and become officially authorised and regulated by the Dubai Financial Services Authority (DFSA).
Launched in Dubai in 2014, Beehive is the UAE’s leading online peer to peer lending platform, has registered almost 4500 investors, who have successfully funded in excess of AED 75 million across more than 150 SME funding requests. Beehive directly connects businesses looking for finance with a crowd of investors, creating mutually beneficial partnerships for growth.
The UAE has adopted the fintech revolution with open arms and has championed innovative new business models which can help the economy. Regulation is part of the UAE’s vision of becoming a fintech hub. This news also follows up the recent launch of the FinTech Hive accelerator programme in DIFC, which will pioneer financial technologies.
For more information, visit http://finance.yahoo.com/news/fintech-business-beehive-first-peer-040000553.html