A Bangladeshi fintech startup, ‘Dhrutloan,’ has successfully raised $125,000 in pre-seed funding. This notable financial boost is set to help the company expand its services, particularly in the SME (Small and Medium Enterprises) sector.
The investment was sourced from both local and international investors, including notable figures like Ridwan Hafiz, CEO of GoZayaan, and Raji Shah, co-founder of Tustallions Digital Marketing Agency in Singapore.
Dhrutloan, a fintech platform, has made a notable entry into the financial sector by simplifying the loan process for local SMEs. This initiative is particularly significant as it eliminates the need for repeated visits to financial institutions, making the borrowing process more efficient and accessible.
With the newly acquired funds, Dhrutloan plans to establish an additional 1,000 SME centers. This expansion will not only make obtaining business loans easier but also contribute to the economic development of underprivileged regions in Bangladesh.
By increasing accessibility to financial resources, Dhrutloan aims to play a pivotal role in the growth and support of small and medium-sized businesses across the country.
Dhrutloan’s initiative is a significant step in fostering the growth of SMEs, which are crucial for the economic development of Bangladesh. By providing easier access to financial resources, the startup is not just aiding individual businesses but also contributing to the broader economic progress of the nation.
The successful funding of Dhrutloan marks a promising development in the fintech sector of Bangladesh. It highlights the potential of innovative financial solutions in supporting and empowering the SME sector, which is a key driver of economic growth.
As Dhrutloan expands its reach, it sets a precedent for how fintech can play a transformative role in the financial landscape of developing countries.
