From idea to real life — MoneyBag is the wallet for Bangladeshis who grew up without checkbooks. Save, send, receive, track. For expats sending home. For students receiving from family. For freelancers paid in three currencies. One app. No bank queues. No paperwork. Future-ready for crypto and micro-investments.
Bangladesh has 175 million people. Two thirds of them have a smartphone in their pocket. Less than a third have a bank account they actually use. Something doesn't add up.
For a generation that grew up never writing a cheque, never visiting a branch, never carrying a wallet of paper bills — the financial system still pretends it's 1995. Open a savings account, you'll need a NID, a TIN, three references, a utility bill, four passport photos, an in-person visit, a deposit of 5,000 taka and ten working days. Send money home from Doha? Stand in line at an exchange counter. Pay your university tuition? Cash, only, please, between 10am and 2pm.
The first wave of mobile money in Bangladesh — bKash, Nagad, Rocket — solved a piece of this beautifully. Sending and receiving small amounts domestically is now a solved problem. But the moment you cross a border, the moment you want to save, the moment you want to invest, the moment you want to do anything more interesting than a peer-to-peer transfer — you're back in 1995.
And for the eight to ten million Bangladeshi expats living abroad — in Doha, Riyadh, Dubai, Kuala Lumpur, Singapore — the story is even worse. Remittance corridors charge two-to-five percent in fees. Settlement takes days. FX rates are opaque. And the apps designed for them feel like they were designed by people who've never met them.
Not for the bankers. Not for the regulators. For the people whose money it actually is.
My driver in Doha sends 60% of his salary home to Comilla every month. He stands in a queue. He pays a fee. He loses money on the rate. He waits two days. He does this every month for fifteen years. We can do better than that for him. MoneyBag is what better looks like — in his pocket, in his language, on his phone.
Kashim Uddin Masum
Founder & Chairman · Dream Group · Est. 2011
MoneyBag started as a one-page memo titled "What would a wallet built for my driver look like?" It wasn't a fintech roadmap. It wasn't a regulatory deck. It was a question — and then a stubborn refusal to ship anything until the answer was honest.
The answer turned out to be simple: it would look like the wallet he already carries — but it would never run out of room, never get pickpocketed, never lose value to a bad rate, and never make him stand in a queue. It would speak to him in Bengali. It would remember his family. It would let him save toward something — a piece of land back home, a sister's wedding, a hospital bill he hopes never to need.
That memo became MoneyBag. A digital wallet designed first for one person — and then for the eight million people whose story is exactly like his. The expat. The youth. The freelancer. The student. The shop owner who only carries a phone.
We're building it carefully, with proper banking partners, proper licensing in both jurisdictions, and proper humility about the trust people place in anything that holds their money. But we're also building it with the conviction that this generation deserves better than 1995. And that better is overdue.
Save. Send. Receive. Track. Grow. All in one place, designed to feel as obvious as your camera roll.
Hold BDT, QAR, USD, AED, SAR — all in one wallet. Switch between them in a tap. See your total net worth in your preferred currency.
Doha to Dhaka in under 60 seconds. To a MoneyBag wallet, a partner bank, or a bKash/Nagad number. Honest FX rate shown upfront, every time.
Share a link, a QR or a payment ID. Get paid from clients in the GCC, family abroad, or domestic customers — all into one balance.
Save toward a wedding, land, hajj, school fees — auto-transfer a fixed amount each payday. See progress visually. Withdraw anytime.
Every transaction auto-categorized. Monthly insights in Bengali or English. See where your money actually went, and where you can do better.
The wallet is built for what's next — regulated crypto on-ramps, micro-investment products and savings bonds, rolling out as licensing allows.
Eight million Bangladeshis live and work abroad. They send home twenty-three billion dollars a year. We think they deserve a better tool than the ones they're using.
If you're a Bangladeshi expat in Qatar, the UAE, Saudi Arabia, Bahrain, Kuwait or Oman — MoneyBag is built for you, first. We've designed the entire remittance flow around the realities of expat life: shift work, salary that arrives in QAR or SAR, family back home who prefer BDT in their bKash, fees that need to be visible before you tap Send, and a UI that respects the fact that you've already worked a twelve-hour day.
Send to a MoneyBag wallet (instant, fee-free). Send to a partner bank (15-minute settlement). Send to bKash or Nagad (under 60 seconds). All from one screen. All in Bengali if you want. All at a rate you can verify against any FX source you trust.
And on the receiving end — your family in Comilla, Sylhet, Chittagong, anywhere — they don't need a bank account, they don't need to learn a new app, they don't need to come to a counter. The money simply arrives.
0.8%
Avg. corridor fee
< 60s
Doha → Dhaka settlement
6+
GCC corridors live
100%
Up-front rate transparency
Your money sits in regulated trust accounts, never on our balance sheet. Bank-level encryption, biometric login, full KYC where required, and proper licensing in both Bangladesh and the GCC.
Built on top of licensed banking and PSP partners in BD and GCC.
Bank-grade encryption in transit and at rest. PIN, biometric and 2FA.
NID-verified identity, AML-monitored transactions, audit-trail complete.
Customer balances held in segregated trust accounts at partner banks.
Download. Scan your NID. Set a PIN. Done. No branch visit. No paperwork mountain. No "come back in ten days". Your wallet, your money, your move — finally.
MoneyBag is one of thirteen ventures inside Dream Group. Here are three more from the same studio.
AI / Productivity
Affordable, beautifully-designed AI tools for everyone — chat, RAG, image and voice in Bengali, English and Arabic.
Accounting / SaaS
The world's easiest accounting software, built for small business owners who'd rather run their business than wrestle with QuickBooks.
Travel / SaaS
All-in-one operations platform for travel agencies — visas, packages, tickets and accounting, in one calm interface.