BRAC Bank PLC and Sheba Merchants Limited have forged a strategic partnership aimed at providing small and medium-sized enterprises (SMEs) with integrated financial and technological support. Under this collaboration, merchants registered on the Sheba Platform can now access digital micro-loans from BRAC Bank, enabling swift capital inflows to support business growth and operational expansion.
The Sheba Manager platform serves as a comprehensive business management tool, consolidating functions such as sales tracking, expense monitoring, inventory management, and digital bookkeeping into a single, user-friendly interface. Currently, the platform caters to over 100,000 active users, facilitating monthly transactions exceeding BDT 50 lakh. This synergy of finance and technology is expected to significantly streamline business operations for SMEs across Bangladesh.
The agreement signing ceremony was held recently, with Syed Abdul Momen, Additional Managing Director of BRAC Bank, and Adnan Imtiaz Halim, CEO of Sheba Platform Ltd., officiating the event. The occasion was attended by senior executives from both organisations, who highlighted the transformative potential of combining digital solutions with financial services to enhance SME growth.
Through this partnership, BRAC Bank’s MSME clients will gain access to Sheba Merchants’ suite of digital tools, while Sheba-registered merchants can leverage BRAC Bank’s micro-financing solutions. This dual approach is designed to empower SMEs by creating a more integrated, efficient, and scalable business ecosystem, facilitating smoother cash flows, better record-keeping, and enhanced operational control.
Key Partnership Highlights:
| Feature | BRAC Bank Contribution | Sheba Merchants Contribution | Impact on SMEs |
|---|---|---|---|
| Financing | Digital micro-loans | N/A | Faster access to working capital |
| Technology | N/A | Sheba Manager platform (sales, inventory, bookkeeping) | Streamlined business operations |
| Customer Reach | MSME banking clients | 100,000+ platform users | Broader access to financial and tech solutions |
| Monthly Facilitation | N/A | BDT 50 lakh+ transactions | Accelerated business growth and liquidity |
Industry experts note that integrating financial services with digital management platforms can enhance SMEs’ operational efficiency, improve financial discipline, and accelerate scalability. By bridging the gap between banking and technology, this collaboration represents a significant step forward in supporting Bangladesh’s vibrant SME sector.