New Delhi: FIA Global, a leading fintech company in digital payment and distribution systems for the last-mile financial inclusion in India and Nepal, today announced its fintech operation in Bangladesh.
FIA Global will provide a specifically curated set of financial products for the low-income customers in the country. As a part of these plans, local and national entrepreneurs will be offered services such as Utility bill payments, insurance, pension scheme, institutional credits for the unorganized sector.
The official announcement came during the prestigious Millennium Alliance awards, where FIA Global was among the awardees.
The Millennium Alliance is a consortium of partners including the Department of Science and Technology, Govt. of India, United States Agency for International Development (USAID), Federation of Indian Chambers of Commerce and Industry (FICCI), UK Government’s Department for International Development (DFID), Facebook and Marico Innovation Foundation. The program is currently in its sixth year and has played a catalytic role in providing funding, capacity building and business development support to Indian social enterprises.
With the grant, FIA Global plans to expand its global business and set up operations in Bangladesh and support innovations that deliver maximum development impact for the bottom of the pyramid
Speaking about receiving the recognition, Seema Prem, Co-Founder and CEO, FIA Global, said, “We are honored to receive this recognition for the second time. Millennium Alliance is a great enabler of the start-up ecosystem. With the grant by Millennium Alliance, we will be able to expand our global presence and enters the Bangladesh market. We look forward to strengthening our presence in the South Asian market.
Sudip Banerjee, Chief Risk Officer of FIA Global commented “The gender gap in financial access in Bangladesh presents an opportunity for FIA to replicate our successful financial inclusion model for women there.