BRAC Bank has signed a deal with DreamStart Labs, a US-based fintech software company with Dreamsave app to provide technology for microfinance institution (MFIs) partners and community led savings groups in managing their financing operations, a press release said Thursday.
BRAC Bank’s DMD and head of SME banking Syed Abdul Momen and DreamStart Labs CEO Wes Wasson signed the agreement on behalf of respective organizations at the bank’s head office on June 5, 2022.
Under this deal, BRAC Bank and DreamStart Labs will expand use of the DreamSave app with savings groups under the USAID funded Nobo Jatra project, implemented by World Vision in southwest Bangladesh. The DreamSave app helps unbanked people in emerging markets save money, access loans, and achieve financial goals. Head of MF and Agriculture Finance Tapos Kumar Roy, head of SME product team Azizul Hoq, head of Agriculture Finance SM Saiful Islam, and project manager Forhad Ahmed from BRAC Bank and chief of party Alex Bekunda, economic market development & financial inclusion manager Md. Asaduzzaman from the USAID funded Nobo Jatra Project,World Vision Bangladesh were also present.
