Fintech Startup Drutoloan Raises $1,25,000 in Pre-Seed Round to Revolutionize MSME Financing in Bangladesh
Summary
In a significant milestone for the burgeoning fintech sector in Bangladesh, Druto Fintech Limited announced today that it has raised $1,25,000 in a pre-seed funding round.The financial injection comes after a remarkable four and a half years of bootstrapping for the company, during which Drutoloan maintained a positive cash flow.The investment, sourced from both local and foreign investors, including notable names like Ridwan Hafiz and Razy Shah along with two other investors from Singapore, positions Druto Fintech Limited for an ambitious expansion to empower and streamline financial access for underserved MSMEs across the country.Future-Forward Financing. By leveraging alternative data analysis technology, the platform enables MSME entrepreneurs to present their creditworthiness in ways that traditional financial institutes can assess. On the other hand, for financial institutions, Drutoloan acquires potential MSME borrowers, ensures they are loan-ready, and assists in the loan processing, disbursement, and collection phases.Druto Fintechs Ambitious. This expansion will not only democratize access to business loans but also contribute to the economic development of regions that traditionally lacked robust financial inclusion. The infusion of capital will undoubtedly catalyze the companys mission to empower MSMEs and transform the landscape of business financing in Bangladesh.
Funding
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