Sharjah Media City (Shams), the UAE’s fastest growing media free zone, and Beehive, the UAE’s first regulated peer to peer lending platform, have partnered to provide cheaper funding for small and medium sized enterprises (SMEs) in Shams.
To date, Beehive has facilitated funding to over 600 creditworthy SMEs in the UAE. In the last post in Beehive’s ‘Meet the team’ series we met with the business operations team who work closely with the business development (BD) and credit teams to assess businesses looking for funding. This time, we will meet Suraj Gopal, Investment Director in Abu Dhabi to give us an insight into his role at Beehive.
This initiative, a first partnership of its kind between a Fintech and a Bank in the region, enables micro and small enterprises to access finance through an innovative fintech solution, which uses a sophisticated decision making and lending process to provide faster and more accessible.
They work closely with the business development (BD) and credit teams to collate documents and do an initial assessment of new businesses looking for funding by preparing necessary information required by Beehive.
We are now with Abiha Ahmed, Beehive’s Business Analyst and part of the credit team, to walk us through her role in the overall credit assessment process.
Dubai-based telecommunications company, Tarkeeb has become the first small or medium sized enterprise (SME) to receive funds facilitated by Beehive under the recently renewed and expanded guarantee scheme with the Mohammed Bin Rashid Fund for SMEs (MBRF).
