Meghna Bank appointed as mandated account bank for startups under FinTiger Startup Studio Accelerator Program

Meghna Bank PLC has announced its appointment as the mandated account bank for the startups participating in the FinTiger Startup Studio, a leading accelerator program developed by FinTiger Advisory.

This collaboration marks a significant step in supporting Bangladesh's growing startup ecosystem and fostering entrepreneurial innovation, according to a media release. 

The FinTiger Startup Studio is a dynamic initiative designed to accelerate the growth of emerging startups by providing them with essential resources, mentorship, and operational support.

The program focuses on nurturing high-potential startups by helping them scale efficiently, attract investments, and expand their operations in both domestic and international markets.

As the designated account bank for this program, Meghna Bank PLC will be responsible for a wide range of financial services tailored to the needs of these startups.

These responsibilities include the receipt and management of equity investments, sales proceeds, and other financial resources raised by the startups.

eghna Bank will also provide critical cash management support to ensure smooth financial operations, assisting startups with liquidity management, payments processing, and other day-to-day banking needs, the release says. 

In addition to its banking role, Meghna Bank PLC will participate in the strategic advisory process for the startups, offering financial insights and guidance to help them navigate growth opportunities and challenges.

The bank's expertise in structured finance and innovative banking solutions is expected to play a key role in driving the success of the startups within the FinTiger Startup Studio.

FinTiger Advisory is a leading advisory and consultancy firm specializing in startup incubation, investment management, and financial services. Its ”FinTiger Startup Studio” accelerator program is designed to empower startups by providing mentorship, resources, and the strategic guidance needed to scale and succeed in today’s competitive market, according to the release. 

Shamsul Azam Khan, CEO of FinTiger Advisory, expressed enthusiasm about the partnership, stating:  "We are excited to work with Meghna Bank PLC to support the next generation of Bangladeshi entrepreneurs. Their expertise in structured finance and their deep understanding of startup needs will be invaluable in providing these businesses with the financial infrastructure they need to thrive. We believe this partnership will significantly enhance the impact of the FinTiger Startup Studio and contribute to the overall growth of the startup ecosystem in Bangladesh."*

The partnership between Meghna Bank PLC and FinTiger Advisory underscores the bank’s commitment to fostering entrepreneurship, financial innovation, and economic development in Bangladesh, the release adds.