FinTech AGAM & SSL partner to change the lending landscape in Bangladesh

By Gloria Methri

UK-based FinTech AGAM International has partnered with Bangladeshi payment gateway system, Software Shop Limited (SSL), to revolutionize 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 sellers, businesses and employees. Lending will range from nanoloans to BNPL (buy now, pay later) and EWA (earned wage access), each powered by AGAM International’s credit scoring system.

The behavioral insight-based AI credit scoring algorithm will enable the partner banks and financial institutions to make quick and accurate lending decisions. This model, combined with SSL’s platform(s) such as SSLCOMMERZ and Easy Merchant will provide immediate access to working capital for merchants.

SSL and AGAM International will undergo integration for a seamless customer experience. FinTech will play the role of product manufacturer and developer, and SSL will act as system integrator, sales partner or reseller.

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

The company’s CEO and Founder Shabnam Wazed, said: “The synergy between SSL’s strong platforms and network of merchants, together with AGAM International’s banking technology, will make access to finance for customers, merchants and corporate and enterprise employees immediate and seamless. We are excited to work with SSL to transform the lending landscape in Bangladesh.”

SSL’s Director, Shahzada Redwansaid, “This strategic alliance will not only enable us to expand and enhance our product offerings, but also empower our sellers, partners and customers with cutting-edge financial solutions in lending. By leveraging AGAM International’s capabilities, we are confident that we want to redefine the lending experience in Bangladesh.”