ShopUp, a leading B2B commerce platform in Bangladesh, has secured $6.5 million in debt capital from Saison Investment Management Private Ltd (SIMPL), a credit venture arm of Japan’s Credit Saison. This marks SIMPL’s first investment in Bangladesh and reflects confidence in ShopUp’s potential to drive economic growth and financial inclusion in the country. The funding will enable ShopUp to enhance its local supply chain through technology, streamline transactions, and help retailers expand their operations.Â
ShopUp’s founder and CEO, emphasized the company’s commitment to reaching eight crore people and improving transparency in the food and consumer goods value chain. Credit Saison, Japan’s third-largest credit card issuer, is known for its diverse lending solutions and has expanded into emerging markets like Brazil, India, and Vietnam