Guest bio
- Founder and CEO of Beehive, the first peer-to-peer lending platform in the Middle East and North Africa regulated by the DFSA.
- Built Beehive into the region's leading P2P platform, with over 15,000 investors funding some AED 3 billion for 1,500 businesses.
- Previously founded and ran Butterfly Software, a UK data analytics company acquired by IBM.
Craig Moore is the founder and CEO of Beehive, the Dubai-based peer-to-peer lending platform and an e& enterprise company, the first P2P lending platform in the Middle East and North Africa to be regulated by the DFSA. Since he set it up in 2014, Beehive has become the region's leading P2P platform, with more than 15,000 investors funding some AED 3 billion across 1,500 businesses, using alternative data in its credit model. Before Beehive he founded and ran Butterfly Software, a UK data analytics company acquired by IBM, and held sales, consulting and finance roles at Dell EMC, Hitachi and HSBC. He holds a BA in accounting and finance from Nottingham Trent University. He believes long-term success is a relay race, not a solo sprint.
Show notes
In this last episode of Season 1, Suvo Sarkar is in discussion with Craig Moore, founder and CEO of Beehive, the leading P2P platform in MENA.
Does P2P lending have the potential to disrupt banks? Will open banking force banks to collaborate with fintechs? And can the USD 250 billion funding gap for SMEs in the region be solved by the P2P model?
Moore explains how Beehive hones its credit model with alternative data sources, why audited accounts are not important and what synergies the e& partnership brings to the table.
In a masterclass on entrepreneurship, Moore says founders should start with a real life problem, hire the right team and learn from setbacks. Long term success is a relay race, not a solo sprint, is what he believes.
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