2024-08-21 11:11:31
In five years of its establishment, the country’s popular mobile financial services company has brought investments of hundreds of crores of cash, said founder and chief executive officer of Naqd, Tanveer A Mishuk. He said that the service has not yet started, but foreign investment of Tk 112 crore has entered the Cash Digital Bank.
On Sunday (August 18) evening, Tanveer A Mishuk met the founders of the country’s startup companies in a virtual exchange of views. In this two-hour meeting, young digital business entrepreneurs of the country joined and asked various questions. Journalists were also involved here, they also questioned the cash CEO.
The company has given this information in a press release.
Tanveer said in the meeting that several world-renowned investment firms have invested in Naqd Mobile Financial Services and Naqd Digital Bank. Companies that have invested in cash also have investments in Facebook (Meta). Moreover, some of the world’s renowned business organizations including a sister concern of India’s Paytm have invested here. In addition, Deloitte, one of the world’s largest audit firms, audits daily cash transactions.
In response to a question, the CEO of Naqd said that Naqd Limited has broken the monopoly of mobile financial services in Bangladesh at the beginning of the journey. That’s why this billion-dollar startup company has been subjected to continuous smear campaigns. And recently, after the change in the power of the country in the popular coup, the level of misinformation about cash is increasing – said Tanveer.
When Tanveer A Mishuk was approached by hundreds of young startups to clarify his stance on cash and his position on the recent controversy in the digital space, he happily agreed to speak, the press release said.
The entrepreneurs involved in the discussion said that they understand the conspiracy against cash and will always work to prevent such misinformation. Also, they hope, young entrepreneurs have no choice but to stay together. At the same time they give various suggestions to contribute to the further development of cash.
Tanveer A. Mishuk clarified the position of the cash and said, “We are working under an agreement with the postal department, a government institution. As a result, we have to work closely with all governments. I did it with the previous government, I am doing it with the current interim government, I will do it with the future government. We have no party affiliation, but we will work with the government.
According to the notification, this contract of cash with the postal department is effective till 2028. As a result, the postal department is getting 51 percent of the total cash income. Cash has become a billion dollar company in just 5 years since its launch in 2019. The number of cash customers is now over 9.5 crore and the company transacts an average of Rs 1800 crore every day.