Money Majlis
Ep 24. Can P2P platforms address the huge SME lending gap?: a discussion with Craig Moore of Beehive
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.
Research by : Shekhar Krishnamurthy
Production by : Poddster
