Beehive and Taageer Finance Expand SME Financing in Oman
Beehive, the region's first digital peer-to-peer SME financing platform, has partnered with Taageer Finance Co. SAOG to expand access to financing for small and medium-sized enterprises (SMEs) across Oman. The collaboration aims to provide at least OMR 36 million in funding to eligible businesses that have been operating for a minimum of two years. This partnership combines Beehive's digital capabilities with Taageer Finance’s extensive market presence, supporting SME growth aligned with Oman Vision 2040 objectives. To date, Beehive has supported over 270 SMEs in Oman, while Taageer Finance has financed more than 22,000 SME customers across various sectors since its inception. Both companies emphasize the importance of improving access to finance for SMEs as a key driver of economic development and diversification. The partnership is expected to enhance financial inclusion by reaching a broader base of Omani businesses seeking capital.
