More than 5 million retailers who are contributing more than 30 percent of Bangladesh’s GDP are going to be empowered and digitized; Homegrown B2B marketplace PriyoShop.com has taken the initiative in this regard. The company has recently entered into a business agreement so that its retailers can easily get loans from the investment company LankaBangla.
The agreement was signed by Ashiqul Alam Khan, Founder and CEO of PriyaShop and Khorshed Alam, SEVP and Head of Retail Business, LankaBangla Finance PLC.
Reacting to the strategic partnership with LankaBangla Finance, Priyoshop Founder and CEO Ashikul Alam Khan said, “PriyoShop’s collaboration is to increase fintech inclusion of MSMEs in Bangladesh. We are ready to redefine the dynamics of retail business. This is our initiative to facilitate the empowerment and development of retail businesses and provide valuable support to the vibrant MSME sector. We are excited about the prospects of this partnership and look forward to embarking on a journey of positive change with LankaBangla.”
Khorshed Alam, SEVP & Head of Retail Business, LankaBangla Finance PLC said, “Through this collaboration, we are providing new opportunities to increase the purchasing power of the retailers listed on PriyoShop. Lankabangla Finance and PriyoShop are committed to the development of this sector. More initiatives will be taken soon to empower them more effectively.”