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Investment Firm
Overview
BKash Limited, a subsidiary of BRAC Bank, started as a joint venture between BRAC Bank Limited, Bangladesh and Money in Motion LLC, USA. In April 2013, International Finance Corporation (IFC), a member of the World Bank Group, became an equity partner and in April 2014, Bill & Melinda Gates Foundation became the investor of the company. The ultimate objective of bKash is to ensure access to a broader range of financial services for the people of Bangladesh. It has a special focus to serve the low income masses of the country to achieve broader financial inclusion by providing services that are convenient, affordable and reliable
Highlights
2011
Financial Services
501-1000
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Location
Dhaka, Dhaka, Bangladesh, Asia
Contact Information
Social
Profile Resume
BKash, established in 2011 and headquartered in Asia., specializes in investments across Financial Services, Banking, Asset Management, Finance, Lending, Commercial, Personal Branding, Debit Cards, Retail. Their recent investments include Habib Bank Limited, NCC Bank, Bank Asia Limited, Commercial Bank of Ceylon, Mutual Trust Bank. The highest investment round they participated in was $17.7B. Among their most notable exits are Habib Bank Limited and NCC Bank. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Investment portfolio
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Investments
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Annouced Date | Organization Name | Industry | Money Raised |
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Apr 27, 2022 | - | - | 138.7M |
Exits
0
Funding Timeline
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Funding Rounds
1
BKash has raised 1 rounds. Their latest funding was raised on Apr 27, 2022 from a Debt Financing - Banglalink round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Apr 27, 2022 | Debt Financing - Banglalink | - | 138.7M | - |
Investors
2
BKash is funded by 2 investor(s). Ant Group Kantor is the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
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Ant Group | Yes | Corporate Round - BKash | 0 |
- | Yes | Venture Round - BKash | 0 |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
Invest in industries
Recent Activity
News
Apr 02, 2024
Paypers - City Bank partners with bKash
News
Mar 21, 2024
Dhaka Tribune - Bidya Sinha Mim becomes brand endorser of bKash
News
Mar 10, 2024
Dhaka Tribune - Customers prefer bKash for Dhaka Wasa bill payment
News
Feb 11, 2024
Dhaka Tribune - EBL, bKash for online payment solution
News
Feb 11, 2024
Dhaka Tribune - Mymensingh Range Police, bKash hold workshop on preventing MFS abuse
News
Jan 28, 2024
The Daily Star - How mobile money is reshaping financial inclusion in Bangladesh