The Daily Corporate Desk
Dhaka — Alliance Finance PLC has formally partnered with Bangladesh Bank to support startup financing under the central bank’s Tk500 crore refinance scheme, aiming to accelerate entrepreneurship and innovation across the country.
The agreement, signed in Dhaka, brings Alliance Finance onboard as a Participating Financial Institution (PFI) under the Startup Fund, enabling it to channel funds directly to emerging startups. The initiative is designed to ease access to finance for early-stage businesses, a segment that often faces challenges in securing traditional funding.
Senior officials from both organisations attended the signing ceremony, including Bangladesh Bank representatives and Alliance Finance Chief Executive Officer Kanti Kumar Saha. The collaboration underscores a shared commitment to strengthening Bangladesh’s startup ecosystem and fostering inclusive economic growth.
Under the scheme, the central bank’s refinance facility will allow financial institutions like Alliance Finance to offer more accessible and affordable funding to innovative ventures. Industry observers say such initiatives are critical for nurturing new businesses, promoting technological advancement, and creating employment opportunities nationwide.
The Tk500 crore Startup Fund is part of Bangladesh Bank’s broader effort to support entrepreneurship and diversify the country’s economic base. By expanding the pool of participating institutions, the programme is expected to reach a wider range of startups across sectors.
With Alliance Finance’s inclusion, stakeholders anticipate improved financial inclusion for startups and a stronger pipeline of innovative enterprises, reinforcing Bangladesh’s ambitions to build a dynamic, innovation-driven economy.
