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HomeBankingVeon: Acquires stake in Bangladesh’s B2B commerce platform ShopUp
BankingFinTech

Veon: Acquires stake in Bangladesh’s B2B commerce platform ShopUp

By: Laura M

Date:

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  • VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services
  • ShopUp is Bangladesh’s leading full-stack B2B Commerce platform for small businesses (neighbourhood shops and online sellers)
  • Joined Sequoia Capital India and Flourish Ventures as investors in ShopUp
  • Bangladesh’s leading full-stack B2B commerce platform for small businesses, becoming ShopUp’s first strategic corporate investor
  • The investment enables VEON Ventures to support ShopUp’s fast-growing digital ecosystem for micro, small and medium-sized enterprises
  • ShopUp provides B2B sourcing, logistics and financial services to MSMEs through its mobile-first digital platform
Laura M
Laura M

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