FinTech AGAM & SSL partner to modify lending landscape in Bangladesh
By Gloria Methri
UK-based FinTech AGAM International has entered a partnership with Bangladeshi payments gateway system, Software Shop Limited (SSL), to revolutionise the lending experience within its merchant and partner network.
The collaboration will see AGAM facilitate instant, end-to-end digital lending (via partner banks) for SSL’s merchant, corporate, and employee base. Lending will range from nano loans to BNPL (buy now pay later), and EWA (earned wage access), each powered by AGAM International’s credit scoring system.
The behavioural insights-based AI credit scoring algorithm will enable its partner banks and financial institutions to make rapid and accurate lending decisions. This model, when combined with SSL’s platform(s) such as SSLCOMMERZ and Easy Merchant will provide immediate access to working capital for merchants.
SSL and AGAM International will undergo integration for a seamless customer experience. The FinTech will play the role of product producer and developer and SSL will act as the systems integrator, sales partner, or reseller.
AGAM (which means ‘advance’ in Bangla) aims to advance the lives and livelihoods of its customers.
The company’s CEO and Founder Shabnam Wazed, said, “The synergy between SSL’s strong platforms and network of merchants, alongside AGAM International’s bank-grade technology, will make access to finance for customers, merchants, and employees of enterprises and corporates instant and seamless. We are excited to be working with SSL to transform the lending landscape in Bangladesh.”
SSL’s Director, Shahzada Redwan, said, “This strategic alliance will not only enable us to expand and enhance our product offerings but also empower our merchants, partners, and customers with cutting-edge financial solutions in lending. By leveraging AGAM International’s capabilities, we are confident that we will redefine the lending experience in Bangladesh.”
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