Druto Fintech Limited (Drutoloan), an emerging fintech startup from Bangladesh, has successfully raised $125,000 in a pre-seed funding round after four and a half years of bootstrapping. The investment, which includes contributions from both local and foreign investors, will be used to expand the company’s services to underserved Micro, Small, and Medium Enterprises (MSMEs) across the country.
Druto’s platform aims to bridge the estimated $2.8 billion gap between MSMEs and traditional financial institutions by offering a comprehensive suite of services that make the lending process more accessible, efficient, and transparent. To date, the company has facilitated over 3000 loans, disbursed over BDT 20 crore, and accumulated savings deposits of more than BDT 10 crore, all while maintaining a 0% default record.
The company’s strategic alliances with major players such as Lanka Bangla Finance Limited, Chaya, and Inkam further strengthen its position in transforming Bangladesh’s financial landscape. Druto’s services allow MSME entrepreneurs to apply for and repay loans without multiple visits to financial institutions, saving them valuable time and resources.
With plans to establish 1000 SME centers in areas where MSME entrepreneurs are most underserved, Druto aims to democratize access to business loans and contribute to the economic development of traditionally financially excluded regions. As the fintech sector continues to grow, Druto Fintech Limited is poised to shape a more inclusive and tech-driven financial ecosystem in Bangladesh.
We are impressed by Drutoloan’s vision and are eager to witness the emergence of more startups from Bangladesh that are dedicated to serving the Micro, Small, and Medium Enterprises (MSMEs) across the nation.
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