Sampath Bank, KOKO Partner on New Merchant Credit Facility

Sampath Bank PLC and KOKO have unveiled the KOKO Merchants Credit Facility, a collaborative financing initiative targeting small and medium-sized merchant businesses seeking capital for growth and operational expansion.

The partnership leverages KOKO's digital platform capabilities alongside Sampath Bank's lending expertise to create a streamlined credit application and approval process. The facility is designed to reduce administrative complexity and accelerate access to funds for qualifying merchants operating across various sectors of the Sri Lankan economy.

The credit facility addresses a key challenge faced by merchant businesses in obtaining timely financing through conventional banking channels. By combining digital efficiency with established banking infrastructure, the partnership aims to make capital more accessible to entrepreneurs seeking to scale their operations.

Both institutions have positioned the initiative as part of their broader commitment to supporting economic activity and entrepreneurship within the merchant community. The facility represents an emerging trend of collaboration between traditional financial institutions and fintech platforms to expand credit access in South Asia's competitive lending landscape.