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Threadwel partners with Meghna Bank to digitally transform RMG sector

February 05, 2025 00:00:00


Threadwel has partnered with Meghna Bank, marking the first collaboration of its kind within the Threadwel network.

This partnership aims to accelerate digital transformation in Bangladesh's Ready-Made Garments (RMG) sector, offering comprehensive financial services and banking solutions that will further enhance the platform's capabilities for RMGs, suppliers, and buyers across the country, says a statement.

Threadwel, a cloud-based procurement platform, has been revolutionising how the RMG sector operates by allowing buyers and suppliers to connect quickly and efficiently, significantly improving procurement processes.

With Meghna Bank joining as the first bank in the Threadwel network, this collaboration strengthens the platform's value proposition, particularly in the area of cash management.

Meghna Bank's expertise will ensure that Threadwel's growing user base benefits from seamless financial transactions, adding a new layer of convenience and security to the digital procurement ecosystem.

In addition to providing cash management solutions, Meghna Bank is introducing a Dedicated Desk for Meghna Bank Clients who are partners in the Threadwel Network, which will serve as a specialised point of contact for all banking needs.

This service aims to enhance the speed and efficiency of transactions for RMGs and suppliers, ensuring smoother financial operations.

This partnership also comes with additional benefits for Meghna Bank clients within the Threadwel ecosystem. Clients will enjoy special discounts on Threadwel membership fees, further incentivising the adoption of the platform's services and strengthening the bond between financial solutions and digital procurement in the RMG industry.

"We are thrilled to partner with Meghna Bank as the first bank in the Threadwel network," said Mahmudul Kabir and Md Toriqul Islam, Co-Founders of Threadwel.

"Meghna Bank's cash management solutions and commitment to innovation perfectly align with our vision to digitise and streamline the RMG procurement process."

Kimiwa Saddat, Deputy Managing Director of Meghna Bank, said, "As the first bank in Threadwel's network, we are proud to support this pioneering platform. Our cash management services are designed to ensure that the procurement process for Threadwel's network is efficient and seamless."


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