About FinTech sector in Bangladesh
The FinTech sector in Bangladesh comprises 349 companies, including 27 funded companies having collectively raised $286M in venture capital money and private equity. Out of these, 3 are Series A+ funded, and 2 have achieved unicorn status.
FinTech sector in Bangladesh has seen 1 IPO.
This sector includes companies providing tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Bangladesh
There are 349 FinTech startups in Bangladesh which include bKash, Nagad, TADL, iFarmer, iPay. Out of these, 27 startups are funded, with 3 having secured Series A+ funding, and 2 achieving unicorn status.
2026 has seen the creation of 2 FinTech startups in Bangladesh. Over the past 10 years, an average of 25 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University.
Here is the list of top FinTech startups in Bangladesh
1. bKash
Mobile financial services and payment systems for consumers. It features a solution for money transfers, mobile recharges, utility bill payments, and others. Users can dial a number to initiate the transaction, fill in the account, and amount, and the money will be sent to the receivers mobile. Application is made available on Android and iOS platforms.
Key facts about bKash
- Founded Year: 2011
- Location: Dhaka (Bangladesh)
- Stage: Series C
- Total Funding till date: $261M
- Investors: SoftBank Vision Fund, Alipay and 3 Others
- Latest Funding Round: Series C, Nov 14, 2021, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 2 of 17 Competitors
2. Nagad
Provider of a platform facilitating digital financial transactions and account management. It offers services such as account opening, fund transfers, and access to transaction history. The platform provides options for users to manage their finances digitally. It also offers customer support resources, including a help center and frequently asked questions.
Key facts about Nagad
- Founded Year: 2018
- Location: Dhaka (Bangladesh)
- Stage: Funding Raised
- Investors: Inclusive Fintech 50
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 99 of 7,606 Competitors
3. TADL
Agent-based payment solution for consumers. It enables users to send & receive money online, pay for utility bills, top-up mobile phones for multiple telecom operators, withdraw & deposit cash, and more. Its app is available for both Android and IOS platforms.
Key facts about TADL
- Founded Year: 2020
- Location: Dhaka (Bangladesh)
- Stage: Unfunded
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 1 of 6 Competitors
4. iFarmer
Provider of agri-input financing and advisory services to farmers. It is a full-stack agri-tech startup that provides smallholder farmers with finance, high-quality inputs, agronomic advisory, and access to the market. It provides a one-stop solution using technology by providing smallholder farmers with finance, high-quality inputs, agronomic advisory, and access to the market.
Key facts about iFarmer
- Founded Year: 2017
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $4.17M
- Investors: Accelerating Asia, IDLC Finance and 4 Others
- Latest Funding Round: Seed, Apr 16, 2026, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 1 of 9 Competitors
5. iPay
Online wallet for individuals. It is an online payment platform allowing users to make payments for purchases, utilities, and other services in a cashless form. Users can link bank accounts in iPay and transfer to and from the wallet. Allows users to scan QR codes at merchant outlets and pay utility bill payments and mobile top-ups.
Key facts about iPay
- Founded Year: 2015
- Location: Dhaka (Bangladesh)
- Stage: Unfunded
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 3 of 16 Competitors
Companies founded year-on-year in the FinTech sector in Bangladesh
2 new startups have been founded so far in 2026 in the FinTech sector in Bangladesh. 44 FinTech startups in Bangladesh were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 1 |
2024 | 19 |
2023 | 24 |
2022 | 37 |
2021 | 44 |
2020 | 33 |
2019 | 37 |
2018 | 34 |
2017 | 21 |
Stage-wise distribution of FinTech sector companies in Bangladesh
Out of the total 349 FinTech companies in Bangladesh, 27 have secured funding. Among them, 3 have reached Series A or higher, and 3 to Series B or beyond.
Founded - 349
Funded - 27
Series A+ - 3
Series B+ - 3
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 349 |
Funded | 27 |
Series A+ | 3 |
Series B+ | 3 |
Series C+ | 2 |
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Funding Trends in the FinTech sector in Bangladesh
Total funding year-on-year in the FinTech sector in Bangladesh
The FinTech sector in Bangladesh saw a total funding of more than $286M in the last 10 years. The most amount of funding was in 2021 at more than $250M. There has been a total funding of $1.5M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.5M |
2025 | $500K |
2023 | $1.15M |
2022 | $2.2M |
2021 | $250M |
2020 | $10.1M |
2018 | - |
Recent Funding Rounds in FinTech in Bangladesh
In the year 2026, till April 2026, FinTech companies in Bangladesh have raised $1.5M in equity funding across 1 round.
Here are some recent, important funding rounds in FinTech companies in Bangladesh:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6233 | Apr 16, 2026 | ||
Seed | 1706 | May 04, 2025 | ||
Seed | 7824 | Jun 28, 2023 | ||
Seed | 2852 | Mar 15, 2023 | ||
Seed | 2277 | Dec 08, 2022 |
Top Investors in FinTech in Bangladesh
British International Investment is the top investor in FinTech companies in Bangladesh based on number of companies invested.
Here are some top investors in FinTech companies in Bangladesh:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | - | |
San Jose (United States) | - | |
Cologne (Germany) | - | |
Dhaka (Bangladesh) | ||
Dhaka (Bangladesh) | - |
Top News in FinTech in Bangladesh
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Aamarpay secures nearly $1 million in foreign investment from SimpaisaThe Business Standard•Mar 13, 2026•Simpaisa, aamarPay
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Islami Bank signs agreement with Nagad on remittance servicesDhaka Tribune•Jul 15, 2024•Islami Bank Bangladesh, Nagad
