Apon Bazar, a financial aggregator specifically designed for Bangladesh’s low-income industrial workforce has secured USD 1.5 Million in Pre-Seed Round. The funding came from foreign and local investors in the pre-seed round. Several organizations and individuals, including US-based venture capital firm āVillage Capital and Investmentā, and startup Bangladesh ltd. have invested at this round.
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The funding of Apon Bazaar was celebrated with a cake cutting in the capital along with the Minister of State for Posts, Telecommunications and Information Technology Zunaid Ahmed Palak. Brand BGMEA President @Faruque Hassan and Startup Bangladesh Managing Director Sami Ahmed Apon Bazar CEO Saif Rashid, Sarfaraz Ali, Chairman, Neela Ara, director and Yasir Arafat, Director.
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Saif Rashid, Chief Executive Officer of Apon Bazaar, said, āThis investment reinforces our mission and determination to further improve financial inclusion for industrial workers in Bangladesh. This investment is a testament to the power of technology to drive change and create a revolutionary financial ecosystem in Bangladesh.
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About Apon Bazar
Founded in 2017, Apon Bazaar is a financial aggregator specifically designed for Bangladesh’s low-income industrial workforce, where accessing affordable credit remains a formidable challenge. The traditional avenues for credit are expensive and often inaccessible to these workers.
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In response, Apon Bazaar has introduced an innovative solution, enabling workers to access up to 30% of their salary as virtually zero-interest credit. This unique approach is facilitated through the operation of grocery stores, where workers can utilize the credit for essential purchases without incurring additional costs.
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