Dhaka-based Dana Fintech has teamed up with Merchant Bay, a fashion sourcing firm, to enable embedded digital lending for small and medium enterprises (SMEs) in Bangladesh’s readymade garments (RMG) sector. Merchant Bay will use Dana Fintech’s embedded lending engine to generate business credit scores of small and medium readymade garment factories on its platform. It will enable SMEs in the readymade garments sector to access digital SME loans and other financing facilities through partner banks. Thus, the tie-up between Dana Fintech and Merchant Bay will bring SME RMG factories under digital financial inclusion by blending data-driven insights and digital lending capabilities.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.