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  • New model developed by fintech-to-fintech deal between the UK and Bangladesh
  • Partnership between UK-based AGAM International and Bangladesh’s Software Shop Limited (SSL)
  • Designed to accelerate access to credit, revolutionise customer loan experience and grow market share

 UK based fintech AGAM International has entered a ground-breaking partnership with Bangladesh’s largest 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 their employee base. Lending will range from nano loans, BNPL (buy now pay later), and EWA (earned wage access). Each powered by AGAM International’s innovative credit scoring system.

This new highly-sophisticated behavioural-insights’ based AI credit scoring algorithm has been developed by AGAM International. It will enable its partner banks and financial institutions to make rapid and accurate lending decisions.

The new model, when combined with SSL’s platform(s) such as, SSLCOMMERZ and Easy Merchant will provide immediate access to working capital for SSL’s merchants, thereby fuelling the economy and economic futures of small and medium businesses.

SSL and AGAM International will undergo integration for a seamless customer experience.  AGAM International will play the role of product producer and developer and SSL will act as the systems integrator, sales partner or reseller to reach SSL customers and clients, which include corporations, banks and financial institutions.

AGAM (which means ‘advance’ in Bangla) has a mission to advance the lives and livelihoods of its customers.

AGAM International 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: “We are thrilled to join forces with AGAM International, a fintech that shares our vision for digital financial inclusion. 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, driving growth and financial inclusion for all.