BRAC Bank, Priyoshop partner to expand digital financing for micro merchants

BRAC Bank has entered into a strategic partnership agreement with Priyoshop, a platform supporting small businesses with inventory, logistics, and digital tools, to expand access to digitally processed financing for rural and semi-urban micro merchants.

Syed Abdul Momen, additional managing director and head of SME banking at the bank, and Asikul Alam Khan Sujon, Founder, managing director, and CEO of the platform, signed the agreement in Dhaka recently, said a press release.

Commenting on the partnership, Momen stated, "This collaboration reflects BRAC Bank's commitment to advancing financial inclusion through innovation."

"By embedding digitally processed lending into Priyoshop's ecosystem, we are removing friction and expanding access to formal credit for micro merchants nationwide. This model holds the potential to reshape rural entrepreneurship," he added.

"Access to credit is the lifeline for small businesses, yet most micro-retailers in Bangladesh are excluded from formal finance," said Asikul Alam Khan, Founder & CEO of PriyoShop.

"With BRAC Bank, we're embedding credit into the heart of retail transactions, turning every order into an opportunity for growth, inclusion, and scale."

Dipty Mandal, co-founder and chief marketing officer of Priyoshop, was also present, along with senior officials from both organisations.