United Finance has disbursed its first startup loan under Bangladesh Bank’s special startup refinancing scheme.
The loan was provided to AponTech, a fintech startup founded in 2017, says a press release.
Under the scheme, eligible startups can receive financing at a 4 percent interest rate.
The cheque handover ceremony was attended by Nawshad Mustafa, director of SME and special programmes department of Bangladesh Bank, as chief guest.
Hafia Tazrean, additional director of the same department, attended as special guest.
Yasir Arafat, co-founder and COO of AponTech, received the cheque.
The event was chaired by Mohammed Abul Ahsan, acting managing director of United Finance.
Speaking at the event, Nawshad Mustafa highlighted the role of startups in economic growth and job creation and stressed the importance of refinancing schemes.
Mohammed Abul Ahsan said, “We are committed to offering our products and services to the CMSMEs of the country. As a leading partner of Bangladesh Bank’s special schemes, we understand the impact these initiatives are creating, and vow to continue our pursuit to successfully implement them. I also thank AponTech for its inspiring journey, they are true agents of impact and change.”
Yasir Arafat presented the company’s plans to expand services, including targeting non-resident Bangladeshis in the Middle East.
United Finance said the initiative is part of its efforts to support startups and expand access to finance.
