City Bank and SBK Tech team up to finance startups

The City Bank recently signed an agreement with SBK Tech Ventures at City Bank Center to partner and finance startups.

SBK Tech Ventures has the Alternate Investment Fund (AIF) license from Bangladesh Securities and Exchange Commission (BSEC), according to a press statement. It is a venture capital fund focusing on early-stage tech startups that aim to solve problems of the masses and create a transformative impact.

Currently SBK has 42 startups they have invested in across edtech, healthtech, fintech, e commerce, B2B SaaS, etc.

The MoU coverage between the two companies is focused on collaborating and identifying potential startups in multiple sectors across SBK portfolio companies.

Md Ashanur Rahman, chief economist & country business manager of City Bank, and Sonia Bashir Kabir, managing director of SBK Tech Ventures, signed the MoU on behalf of their respective organisations.