Nagad becomes a billion-dollar company in 3 years: Palak

State Minister for ICT Division Zunaid Ahmed Palak has said that Nagad, a leading mobile financial service provider in Bangladesh, has grown into a billion-dollar company only in the first three years of its journey.

The state minister made the remark during his inaugural speech as a special guest at a two-day “Smart Bangladesh Summit and Expo” that began at the International Convention City Bashundhara yesterday, organized by Junior Chamber International (JCI) Bangladesh.

“It took 40 years for Beximco Group to become a billion-dollar company and bKash needed 12 years to reach that milestone, while it took Nagad only three years to reach that feat,” he noted.

“At least five more unicorns [billion dollar startups] will emerge in Bangladesh by 2025. Honorable Prime Minister Sheikh Hasina has given us a solid foundation where talented, courageous and problem-solving entrepreneurs can lead the world from Bangladesh in doing business,” Palak also said adding that Nagad leads by example as it has emerged as a billion-dollar company in just three years of its inception.