Tagged: uae

Beehive is First P2P Lender to Receive DFSA Regulatory Approval

Dubai-based Beehive has become the first peer to peer lending platform to be authorised and regulated by the Dubai Financial Services Authority (DFSA) Beehive reports that the new regulation is a first for the region and may catalyze sector growth of the Fintech industry. Beehive said… Read More

IMF & Dubai to Host FinTech Seminar at World Government Summit

The International Monetary Fund (IMF) is partnering with Dubai’s Ministry of Finance to co-host a fintech seminar during the 5th World Government Summit that will take place in Dubai between February 12-14, 2017.  Blockchain technology will be a key discussion point during this panel —… Read More

Just in from Dubai: UAE Remittance App NOW Money Wins IBM SmartCamp, Next Stop LAUNCH Festival 2017

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astrolabs invites early-stage start-up businesses to pitch and win a place at the World’s largest… Read More

Innovate Finance to Support the Creation of Bahrain and UAE’s Fintech Hubs

Innovate Finance, an association that’s dedicated to the global fintech industry, announced on Monday it is set to support the creation of two fintech hubs located in the Kingdom of Bahrain and the UAE. While speaking at the FinTech Enterprise Excellerate (E2) conference in the Gulf, Lawrence… Read More

Eureeca Self Crowdfunding Round is a Turning Point for Business

Dubai-based Eureeca has released a statement following their successful self-crowdfunding round where they raised $400,000 in 12 days. Sam Quawasmi, co-CEO and co-founder, called the event an important one for platform growth.  Today Eureeca has over 12,000 active investors from 42 different countries. “This year has… Read More

Eureeca Easily Closes Self-Crowdfunding Round: 100% Funded

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

UK Company Sets Equity Crowdfunding Record for Eureeca

Dubai-based equity crowdfunding platform Eureeca has set a platform record having raised $610,000 for UK based Homes or Houses. The funding round closed at 151% of its goal in under 30 days. Eureeca is a twice-regulated platform, having received licensing from the UK Financial Conduct… Read More

Beehive: UAE Innovation Report

Beehive, a young peer to peer lending platform, and Thomson Reuters, have partnered on an innovation white paper regarding the United Arab Emirates (UAE). The document, embedded below, is designed to learn how small business approach innovation.  Beehive hosted a roundtable earlier this year that… Read More

Beehive Celebrates One Year of Peer to Peer Lending

Dubai-based Beehive, a marketplace/P2P lending platform has celebrated it’s one year anniversary this week.  In September 2015, Beehive pioneered a global first by becoming the first independently certified Sharia compliant P2P platform.  With its Sharia-compliant offering, Beehive supports Dubai’s strategy to become the capital of the… Read More

P2P Lender Beehive Aided by Clyde & Co’s Islamic Finance Team with Sharia Certification

Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification.  Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More

UAE’s First Peer to Peer Lender Beehive Has Facilitated Over $3 Million as SMEs Save on Lending

Dubai based Beehive, the first peer to peer lender to set up shop in the UAE, has announced surpassing AED 12 million in loans ($3 Million USD) to 25 SMEs. Beehive has been in business less than one year. According to the company borrowing businesses… Read More

Peer-to-Peer Platform Beehive Welcomes Over 1,000 Registrations in First 5 Months of Launch

Beehive, the UAE’s leading online marketplace for peer-to-peer finance announced it has reached a critical milestone where over 1,000 people have registered to become investors since its official launch in November 2014. This represents an average month-on-month growth of 20% in registration numbers since the company’s inception… Read More

Brief: UAE Real Estate Crowdfunding Platform Durise Now Accepts Bitcoin

On Monday (December 29th), UAE real estate crowdfunding platform Durise announced that investors are now allowed to use Bitcoin as a form of payment. According to Trade Arabia, founder and CEO of Durise Waleed Esbaitah stated, “Although Bitcoin may seem revolutionary to traditional investors this… Read More

Dubai Startup Weekend

The professional and personal challenges, the high and lows, the failures and the success? Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate… Read More

Eureeca Crowdfunding Platform Hit with SEC Cease & Desist for Solicitation Violations

First Investment Crowdfunding Platform to Stumble on General Solicitation Requirements. Eureeca, a Dubai based investment crowdfunding platform, ran afoul of the Securities and Exchange Commission as a Cease and Desist order was filed today against the young company.  Regulators instituted proceedings based off of findings… Read More

Beehive to launch first peer-to-peer lending platform for SMEs in UAE

Dubai-based Beehive officially launched the region’s first peer-to-peer (P2P) online lending platform today, offering a new funding alternative for small to medium sized enterprises (SMEs). Beehive’s online platform is easy to use and offers a marketplace that directly connects established businesses with smart investors so… Read More

Monsieur Fox Men’s Luxury Brand Partners with Eureeca: Crowdfunding for Everyday Elegance

Monsieur Fox, the luxury menswear and accessories brand focusing on everyday elegance, is the first Fashion Forward company to be selected to launch a crowdfunding campaign on Eureeca, “signifying the growth of the fashion sector as a driving force in the region and a growing industry that is attracting… Read More

Eureeca Celebrates One Year Anniversary of Crowdfunding (Infographic)

Dubai based equity crowdfunding platform Eureeca has exemplified the surge in entrepreneurism in the MENA region.  In many ways, this platform is leading the charge – proving what can be accomplished in a part of the world that has not traditionally been known as a… Read More

Private Equity Consulting Firm Warns Against Crowdfunding

Grace Century, a private equity company based in the United Arab Emirates expresses “Concern” over US Crowdfunding Proposals. The team of Grace Century FZ LLC, an international research and private equity company based north of Dubai in the United Arab Emirates, has taken a stand… Read More