Trust Bank signs MoU with Sheba.xyz to launch digital nano loan

Trust Bank PLC has signed a memorandum of understanding (MoU) with Sheba.xyz, one of the leading digital fintech platforms in Bangladesh, to promote digital financial inclusion in the country through the introduction of a Digital Nano Loan facility.

Ahsan Zaman Chowdhury, managing director and CEO of Trust Bank PLC, and Mohammad Ilmul Haque, managing director of Sheba Fintech Limited, signed the MoU at the bank’s head office in Dhaka recently, according to a press release.

Under this partnership, micro and small entrepreneurs will be able to access collateral-free nano loans through a fully digitised process featuring simplified applications, e-KYC, quick approvals, and seamless disbursement and repayment via digital wallets.

The initiative is expected to improve access to formal financing, strengthen cash flow management, and support the growth of small businesses nationwide. At the event, it was announced that the Digital Nano Loan facility would be offered to registered users of the Sheba Pay platform. Under this arrangement, Trust Bank PLC will act as the lending partner, while Sheba Fintech Limited will serve as the technology and service provider.

Both parties expressed optimism that this collaboration will play a significant role in expanding digital lending services and advancing financial inclusion in Bangladesh, the release added.

Senior officials from both organisations were also present at the signing ceremony.