City Bank, SBK Tech Ventures to finance startups

City Bank and SBK Tech Ventures recently signed a memorandum of understanding (MoU) over financing for startups. 

Md Ashanur Rahman, chief economist and country business manager of City Bank, and Sonia Bashir Kabir, managing director of SBK Tech Ventures, signed the deal at the former's head office in Gulshan, said a press release.

Under the deal, both companies will focus on collaborating and identifying potential startups in multiple sectors across the SBK portfolio companies.

Md Mahbubur Rahman and Mahia Juned, additional managing directors of the bank, Kazi Azizur Rahman and Mesbaul Asif Siddiqui, deputy managing directors, Anisa Ali, director of investments of SBK Tech Ventures, and Farhan Rahman, director of operations, were present.