GoRiseMe Limited (eLoan) is a Non-Bank Lead Digital Financial Service Provider in Bangladesh which is Nano Finance / Nano Credit operating under the license and approval of the Central Bank (Bangladesh Bank – RFFO) as a subsidiary of Common Group. eLoan provides safe, convenient, easy, hassle-free, paperless, cashless, automated, and transparent ways to get digital loan services via bKash / Nagad (24/7) on mobile phones to both the unbanked and the banked people of Bangladesh. At present, eLoan is one of the leading Digital Financial Services providers in the world. eLoan started as DFS a joint venture between The City Bank Limited, Bangladesh, and GoRiseMe, Inc, the USA in 2022. The ultimate objective of eLoan is to ensure access to a broader range of digital financial services for the people of Bangladesh. It has a special focus to serve the low-income masses of the country to achieve broader financial inclusion by providing services that are convenient, affordable, and reliable for their financial freedom.
More than 80% of the population of Bangladesh lives in rural areas where access to formal financial services is difficult. Yet these are the people who are in most need of such services, either for receiving funds and loans from loved ones in distant locations or to access financial tools to improve their economic condition. Less than 15% of Bangladeshis are connected to the formal banking system whereas over 68% have mobile phones. These phones are not merely devices for talking but can be used for more useful and sophisticated processing tasks. eLoan was conceived primarily to utilize these mobile devices and the omnipresent telecom networks to extend financial services in a secure manner to the under-served remote population of Bangladesh. eLoan can be accessed via all the mobile networks operating in Bangladesh. Currently, eLoan is running a network of more than 200,000 users throughout urban and rural areas of Bangladesh with over 80 million verified accounts (bKash / Nagad).
In 2022, GoRiseMe Limited was world ranked as the 30th DFS company in the annual list of European Business Assembly – Oxford, UK. European Quality Award – 2022, London ‘Change the World in 2022’ among the top 100 companies to make changes based on social issues, and socio-economic development’s impact. GoRiseMe has been recognized as the Best Brand in Bangladesh for the second consecutive time (2018 and 2021) in a consumer survey conducted by the Bangladesh Brand Forum. eLoan has also been selected as the No. 1 Digital Financial Services Brand for the fourth time in a row in the DFS – Digital Loan category. GoRiseMe has been recognized best Digital Loan Provider by WorldCOB, Texas, the USA, The Bizz Award, 2022, also has been global recognitions which is eLoan (GoRiseMe Limited) the Best New Digital Loan Platform by The Global Economics Limited, London, the UK in this year.