ShopUp, a Bangladesh-based business-to-business (B2B) commerce startup, announced on Thursday that it has secured a $30-million debt financing from global debt provider Lendable and local lender The City Bank.
The funding, which marks a significant milestone for ShopUp and the entire startup ecosystem in Bangladesh, follows the company’s $65-million follow-on round in June 2022, anchored by Peter Thiel’s Valar Ventures.
