Raise IT Solutions Ltd is seeking a BDT 20,000,000 facility from Dhaka Bank PLC to scale three live AI SaaS products — VisaAI, EAT AI and DailyYogaFlow — into a cumulative BDT 65 Mn three-year revenue base.
Founded and led by KAM Rashedul Mazid, Raise IT Solutions Ltd is a Dhaka-headquartered applied-AI company building consumer SaaS for global markets. We operate a shared engineering, growth and data platform that ships three distinct products under one P&L.
The global AI market is forecast to grow from USD ~279 Bn in 2024 to over USD 2.0 Tn by 2030 at ~36% CAGR[1]. All three Raise IT products live inside this corridor — immigration intelligence, AI nutrition and AI wellness — sectors with independently validated demand.
The IOM reports 281M international migrants worldwide[7], with cross-border digital services growing double-digits[6]. Bangladesh alone sends ~1M workers abroad annually[8] — VisaAI's primary funnel.
Our SOM is global, not domestic — revenue is earned in USD, EUR and GBP from users across South Asia, MENA, Southeast Asia, Europe and North America, while costs are paid in BDT. Every dollar captured abroad lands as remittance-equivalent inflow at home.
Bangladesh's ICT export sector has grown to ~USD 1.9 Bn annually[9], with continued government policy support scaling digital exports toward the next billion-dollar milestone. Remittance inflows cross USD 23 Bn/year[8], underpinning consumer demand for migration, health and wellness software — the exact wedge Raise IT serves.
This is what lets a Dhaka-based team price globally at USD 5–29 and still run at SaaS-grade margins.
GPU compute, model fine-tuning, platform engineering
Paid acquisition across VisaAI, EAT AI, DailyYogaFlow
Engineering, product and support team expansion
Legal, payments, FX, contingency
USD-denominated revenue partly offsets BDT cost base; multi-PSP redundancy.
Three independent product lines diversify cashflow and reduce single-product risk.
Mix of open-source + frontier models; usage caps and per-feature budgets enforced.
Privacy-by-design, GDPR-aligned data handling, immigration disclaimers reviewed by counsel.
DSCR computed against an indicative 11% p.a. structure on BDT 20 Mn over 5 years (Annual Debt Service ~BDT 5.1 Mn). Even at Year 1 cash generation, DSCR clears the conventional 1.25× covenant — by Year 3 the portfolio covers debt service 8.8× over.
Pre-structured for direct lift into the Dhaka Bank credit note — composite facility, tranched drawdown, conservative tenor, and an interest rate ask justified by the ancillary business outlined further down.
Indicative — final terms subject to Dhaka Bank credit committee & Bangladesh Bank prudential guidelines.
Security Cover Ratio target: 1.4×. Three independent repayment sources — operating cash flow, pledged collateral, and promoter guarantee.
All company receivables, IP, equipment, and Stripe / Wise / Payoneer payout streams hypothecated to Dhaka Bank.
Unconditional personal guarantee of MD KAM Rashedul Mazid, supported by registered mortgage of property (to be valued at sanction).
20% cash margin — BDT 4 Mn FDR held with Dhaka Bank under lien for the tenor of the facility.
The interest income on BDT 20 Mn is the smallest part of the relationship value. Raise IT earns in USD, EUR and GBP — every dollar of that throughput and every payroll transaction becomes Dhaka Bank fee & float income.
All inbound USD / EUR / GBP from Stripe, Wise, Payoneer, Apple & Google routed through a Dhaka Bank ERQ + NFCD structure — generating FX spread, encashment commission, and inward remittance fees on every cycle.
37 employees today, projected 60+ by Y3 — full payroll account migration to Dhaka Bank, creating steady CASA float of BDT 8–12 Lakh at any time.
Corporate credit cards for engineering team (AWS, OpenAI, Google Cloud spend in USD), and future LC / trade finance lines as the portfolio scales internationally.
On the strength of this combined relationship, we respectfully request Dhaka Bank's lowest published SME / ICT-sector lending rate, with the option to step down further upon eligibility under the Bangladesh Bank refinance window.
Promoter commitment: if DSCR falls below the 1.25× covenant in any year, the MD will inject additional equity to restore coverage — formalised as a written undertaking at sanction. This converts a tail-risk into a contractual top-up obligation.
Three live, revenue-generating AI products exist today — built with founder capital, founder time, and a 37-person team already on payroll. This is not a green-field bet; the bank is funding the next leg of a proven build.
Quantum of promoter equity already invested available in the appendix financial model — confirm with MD before final submission.
(Two Crore Bangladeshi Taka)
A 5-year working capital & technology investment facility from Dhaka Bank PLC — powering three live AI SaaS products into a globally competitive, cash-generating portfolio.
Our SOM is global — and we intend to make Bangladesh proud on that stage.
With this credit, Dhaka Bank becomes the proud banking partnerof a homegrown AI portfolio earning USD revenue for Bangladesh.
A bankable AI portfolio. A multi-product relationship. A national export story.
Full contact details (email, phone, registered address) provided with sanction documentation.
Market sizing figures rounded for presentation. Forecast methodology blends primary Raise IT cohort data with cited third-party research.