INVC News
Mumbai,
FIA Global, a leading fintech company in digital payment and distribution systems for the last-mile financial inclusion in Indian and Nepal, today announced that it is starting fintech operations in Bangladesh.
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 this grant, we will be able to expand our global presence. We are delighted to enter Bangladesh and 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.
Congratulating FIA Global, Mr. Nirankar Saxena, Deputy Secretary General of FICCI said “Millennium Alliance is a great platform for budding entrepreneurs, and we are happy to support FIA Global again in this endeavor.”
