United Finance has recently disbursed its first startup loan under the Bangladesh Bank Special Startup Refinancing Scheme, said a press release.
The inaugural cheque was handed over to AponTech, a social enterprise and fintech startup founded in 2017, known for its innovative ‘phygital’ platform that enhances financial access, affordability and real income for underserved communities.
Under this refinancing scheme, eligible startups can avail financing at a preferential 4 per cent interest rate.
At the cheque handover ceremony, Bangladesh Bank’s SME and Special Programmes Department director Nawshad Mustafa was present as chief guest and additional director Hafia Tazrean as a special guest.
AponTech co-founder and COO Yasir Arafat received the cheque on behalf of the organisation.
United Finance acting managing director Mohammed Abul Ahsan chaired the event.
Nawshad Mustafa highlighted the Bangladesh Bank’s continued commitment to strengthening the CMSME and startup ecosystem through targeted refinancing schemes.
He emphasised the vital role of startups in driving high impact, problem solving businesses that contribute to national economic growth and job creation.
He appreciated United Finance for coming forward with its startup loan product, URise, and congratulated AponTech on their inspiring journey and contribution to inclusive development.
He also urged all stakeholders to work toward qualitative improvements in the country’s startup ecosystem.
