One of the listed companies in Bangladesh SM Fintech Limited has received $1.4 million (14 crores 75 lahks 92 thousand 760 takas) in foreign investment from Hong-Kong, China-based venture capital firms.
S M Fintech is a well-known technology-based financial services company, its mobile app ‘Crediee’. which is mainly used as a credit scoring engine, from which a user can apply for loan from their house. Many lending firms carry out risk assessments, credit worthiness checking of their users.
Another mobile app ‘Myne’, from which a user can take financial services in advance against the salary of the workers who work in private firms in case of urgency or emergency.
However, S M Fintech has penned an agreement as a financial institution with Bangladesh Finance and Ambala Foundation Limited.
Managing Director and CEO of the company, Arif Shikder told, we have developed this service by keeping in mind the financial needs of the people in Bangladesh, here we want to establish a connection between the local people of Bangladesh and the Institutional lending institutions.
