LEGAL BATTLES OVER BB HEIST STARTS

by Faisal Mahmud - February 13, 2019

With the help of Federal Reserve Bank of New York, Bangladesh on February 1 launched a legal battle to recover the full amount stolen from its central bank's reserve in what is known as the biggest cyber heist in the history. The move came nearly three years after hackers stole

MEDIATECH COULD BE THE NEW FINTECH – THIS IS WHY

by Guest Writer - January 16, 2019January 16, 2019

The mediatech revolution is well underway. It’s in our lounge rooms, bedrooms and on our way to and from work. We’re tuning into Spotify, playing Fortnite and watching Netflix into the wee hours like there’s no tomorrow. The term “mediatech” has been used for over a decade to label startups with

Ride-sharing apps: Another rent-a-car service?

by Faisal Mahmud - December 17, 2018December 17, 2018

Global ride sharing giant Uber had celebrated its two year anniversary in Bangladesh in the last month. Uber has logged a meteoric rise in these two years and it has shown other local entrepreneurs the way to venture into the 'ride-sharing' business. Following in its footsteps, local ride-sharing services like

Service Providing Tech-Startups Hoping To Grow Into An Tk8 Thousand Crores Industry, As Promising And Innovative Companies Continue To Scale Up

by Saqib Sarker - October 8, 2018November 1, 2018

Razia Begum, a native of Mymensingh, has been living in Dhaka for many years, working mainly in different houses as domestic help, or what is known as ‘chuta bua’. She still does the same work in 2018, but out of an office where she gets calls for work through a

The Space Crunch For It Firms

by Faisal Mahmud - September 16, 2018November 1, 2018

When Mushfiqur Sattik first thought of starting his own software firm, he had three things in his arsenal—his skills and knowledge with Java programming language, a latest model of Lenovo Thinkpad laptop which he bought with his saving from a seven month old job in a software firm, and a

Financing: A Tough Nut To Crack For Bangladeshi Startups

by Faisal Mahmud - August 13, 2018November 1, 2018

When Wasim Habib, Chaldal co-founder and CEO travelled to China for funding in 2016, it seemed liked he was going the wrong way. At the time, fundraising journeys almost always pointed the entrepreneurs West – he headed East. “The decision took many by surprise,” recalled Habib, who himself has long experience

Benefits Of Bootstrapping Your Startup

by Fintech Desk - August 13, 2018November 1, 2018

Whenever I think of thousands of startups that are beginning their journeys every day, I remind myself of Bennett Miller’s “Moneyball”. A true story about the MLB manager Billy Beane who guided his team to the MLB finals on the lean budget and his illustrious friendship with a statistical genius

Startups: A simple guideline

by Guest Writer - August 13, 2018November 1, 2018

A company just getting off the ground and associated with a business that is typically technology oriented and has high growth potential is Startup. Paul Graham, co-founder of Y Combinator said "In comparison to traditional business ventures, startups are expected to grow rapidly, at a rate of between 5% and 7%

Budget 2018-19: high promises, unclear goals

by Faisal Mahmud - July 16, 2018November 1, 2018

Pre-election budget is about understanding the political economy and delivering a sharp messageFinance Minister AbulMaal Abdul Muhith apparently dipped into his party’s electoral playbook to design the Tk 4,64,573 crore national budget for FY2018-19. The 84-year-old minister who stood at the front row in Parliament on June 7 for a

What budgetary measures we have for “Digital Bangladesh” this year?

by Faisal Mahmud - July 15, 2018November 1, 2018

National budget in each year opens the book for the aspiring IT entrepreneurs and make them to calculate what they are going to get and lose. While these calculations become tricky sometimes because of some budgetary measures which at best can be termed as ‘vague’ and ‘counter-intuitive,’ it forces the

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