PBIL, WeGro team up to expand opportunities for agri investors

Prime Bank Investment Limited (PBIL), a subsidiary of Prime Bank PLC, has entered into a memorandum of understanding (MoU) with WeGro Technologies Limited, a digital platform facilitating investment in agricultural ventures.

Syed M Omar Tayub, managing director and CEO of PBIL, and Md Mahmudur Rahman, chief executive and co-founder of WeGro, signed the MoU in Dhaka recently, according to a press release.

Tayub commented, "This collaboration enables WeGro's investors to diversify beyond agricultural projects into capital markets."

He added, "It represents a mutually beneficial opportunity for portfolio expansion and the promotion of economic inclusivity."

Rahman noted, "Our users can now support farmers while gaining access to regulated financial instruments, effectively bridging impact investing with mainstream wealth generation."

Under this partnership, investors engaging with the WeGro platform whether via the app or website who fund agricultural initiatives such as livestock and crop projects, will now be able to seamlessly access regulated financial markets through PBIL's PrimeInvest Discretionary Product Suite, a professionally managed investment scheme.

This initiative aligns with PBIL's AccessToInvestment programme, aimed at expanding wealth-building opportunities for both retail and institutional investors.

Senior officials from both organisations were also present.