Announced
SoftBank to acquire a 20% stake in bKash.
Synopsis
Japanese multinational conglomerate SoftBank agreed to acquire a 20% stake in bKash, one the largest mobile financial service providers in Bangladesh. Financial terms were not disclosed. "This latest investment round validates our dedication and relentless efforts over the last ten years and places its trust on the potential of a well-regulated fintech space," Kamal Quadir, bKash Founder and CEO.
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