HK-based equity firm to invest $7m in SureCash Mobile Banking

The Osiris Group, a Hong Kong-based market investment firm, is going to invest USD 7 million in SureCash mobile banking, a leading mobile financial services provider in Bangladesh. Earlier, SureCash received investment from a group of Japanese investors specializing in the e-commerce industry.

MD of Osiris Group Jason Bajaj and CEO of Progoti Systems Dr. Shahadat Khan recently signed the agreement on behalf of their respective organizations. The ceremony was also attended by Syeed Khan and Mir Mahfuz Ur Rahman from Osiris and CBO Md. Abu Taleb, SVP S.M. Salahuddin and SVP Md. Afzalur Rashid from Progoti Systems.

Jason Bajaj has said, "Simply put, SureCash is a game changer. We are convinced SureCash will truly transform lives and rapidly ascend to a dominant market position." Dr. Shahadat Khan commented, "We are pleased to have Osiris as one of our partners. Together, we are building a payment platform to serve the people of this nation, and are eager to work closely with all stakeholders, including the telcos, financial institutions, regulators, central bank and our customers."

SureCash is a mobile financial service in participation with 5 local banks that offers the most advanced mobile banking and payment platform in the industry, and allows anyone with a mobile phone to deposit cash, send money, make purchases, and pay bills. The cutting-edge technology and superior architecture of SureCash provides people a rich and flexible experience for all payment categories including retail payments, utility bills, school tuitions, salary disbursements, and many more.

Photo Caption 1: The The Osiris Group, a Hong Kong based market investment firm, is going to invest USD 7 million in SureCash mobile banking, a leading mobile financial services provider in Bangladesh. MD of Osiris Group Jason Bajaj and CEO of Progoti Systems Dr. Shahadat Khan recently signed the agreement on behalf of their respective organizations. The ceremony was also attended by Syeed Khan and Mir Mahfuz Ur Rahman from Osiris and CBO Md. Abu Taleb, SVP S.M. Salahuddin and SVP Md. Afzalur Rashid from Progoti Systems, said a statement.