Meridian Finance & SSD-Tech Partners to Provide Finance to MSE e-commerce Retailers

Meridian Finance and Investment Limited (MFIL) and Systems Solutions and Development Technologies Limited (SSD-TECH) have recently signed a Memorandum of Understanding (MOU) to provide finance to Micro and Small (MSE) e-commerce retailers of the country.

Mr. Irteza Ahmed Khan, Managing Director & CEO of MFIL and Mr. Hasan Mehdi, CEO of SSD-TECH signed the agreement on behalf of their respective organizations.

A consortium of SSD-TECH, eCourier Limited and Mind Initiatives Limited is a grantee under the Business Finance for Poor in Bangladesh (BFP-B) Challenge Fund Round-2 funded by DFID. BFP-B is catalyzing private sector investment in developing new prototypes and bringing to scale viable business models that serve small businesses based on understanding the challenges small businesses face in accessing and using financial services. The consortium is aimed at providing Access to Finance and Outsourcing Services for MSE e-commerce retailers.

Mr. Irteza Ahmed Khan, Managing Director & CEO of MFIL, Mr. Hasan Mehdi, CEO of SSD-TECH, Mr. Mohiuddin Rasti Morshed, Chief Executive of Mind Initiatives, Mr. Biplob Ghosh Rahul, CEO of eCourier, Mr. Md. Abdul Ahad, FCA, CFO and Company Secretary of MFIL, Ms. Sabiha Jahan, Head of CRM & Operations of MFIL, Mr. Md. Sadiqur Rahman Chowdhury, COO of eCourier, and Mr. Md. Al-Beruni, Manager (Finance) of SSD-TECH were present during the signing ceremony.