BRAC Bank has entered into a partnership with Sheba Merchants Limited to enable access to finance for SMEs associated with the Sheba Platform, a press release said.
Under this collaboration, BRAC Bank will extend SME digital micro-loan facilities to eligible merchants registered on the platform, helping them access capital swiftly and seamlessly.
‘Sheba Manager’ is an integrated business management platform that supports SMEs in operating with discipline and efficiency across the digital economy. Consolidating sales tracking, inventory management, expense oversight, digital bookkeeping, and frictionless payment solutions into one platform, Sheba Manager currently serves over 100,000 customers with monthly facilitation exceeding BDT 50 lakh.
Syed Abdul Momen, Additional Managing Director & Head of SME Banking, BRAC Bank, and Adnan Imtiaz Halim, Co-Founder & CEO, Sheba Platform Ltd., signed the agreement at a ceremony the bank’s head office in Dhaka.
From BRAC Bank, Mohammad Jakirul Islam, Head of SME Strategy, Innovation & New Business; Azizul Hoq, Head of Business Transformation and Product; Khadija Mariam, Head of Women Entrepreneur Cell; and S M Ishtiaque, Head of Risk Analytics and AI Lab; and from Sheba Merchants Limited, Ahmed Rakib Uddin, Chief Executive Office, Sheba Merchants Limited; were present.
Through this partnership, both institutions aim to build an enabling ecosystem for thousands of merchants across Bangladesh by combining technological innovation with inclusive financial services. In addition to financing eligible Sheba merchants, BRAC Bank MSME customers will also gain reciprocal access to Sheba Merchants Limited’s solutions suite.
The collaboration includes three focus pillars: extending structured lending support to verified merchants within the Sheba ecosystem; jointly organising capacity-building workshops to upskill sales teams on e-commerce and marketplace dynamics; and nurturing continuous innovation to co-develop advanced financial solutions tailored to Sheba merchants and BRAC Bank’s MSME segment.
BRAC Bank will provide financing to Sheba-registered merchants in accordance with bank policies. In the initial phase, the initiative targets approximately 50,000 merchants nationwide, with substantial room to scale in alignment with market growth and digitisation momentum.
