Startup Bangladesh invests in Bimafy
C.B.Desk: Startup Bangladesh Limited, the flagship venture capital company of the ICT Division invested in Bimafy, the Digital Insurance platform in Bangladesh. This platform enables customers to avail insurance services through online platform in Bangladesh. An agreement was signed on 7th December Wednesday between the organizations in Dhaka to invest BDT 1 crore.
The agreement was signed in the presence of N M Zeaul Alam, Chairman of the Board of Directors of Startup Bangladesh & Senior secretary of ICT division. MD. Moinul Kabir Board Member of Startup Bangladesh; Ranajit Kumar, Executive Director, Bangladesh Computer Council; Managing Director of Startup Bangladesh Sami Ahmed, Head of Portfolio Investment Hasan A. Arif and Chairman of Bimafy Arnab Paul and Managing Director of Bimafy Alvi Nizam Nafi and other stakeholders were present on the occasion.
Since 2019, Bimafy has been working on digitalization of insurance service facilities to ensure global standard customer service in the insurance sector. Customers can choose and buy health insurance, accident insurance, travel insurance and motor insurance from insurance companies of their choice on the Bimafy app and website. Bimafy also works closely with multiple companies to provide a variety of corporate solutions. In addition to providing digital insurance services to more than 400,000 customers, Bimafy has set an exemplary standard in settling health insurance claims with innovative micro insurance products.
Startups could play a crucial role in addressing the market needs, which will serve as the foundation for far-reaching consequences in the GDP’s overall growth. The tech-solutions provided by startups could support the nation’s achieving Smart Bangladesh Vision. To support these innovative Startups, Government has established Startup Bangladesh venture Capital company. I hope Bimafy will make remarkable impact in the industry with this investment.,” said State Minister for the ICT Division Zunaid Ahmed Palak, on the occasion.
Startup Bangladesh in its effort to build a vibrant startup ecosystem that nurtures digitalization, has been investing in most promising and impactful startups in Bangladesh and has continued that tradition by investing in Bimafy.
