Sampath Bank PLC and KOKO have partnered to introduce the KOKO Merchants Credit Facility, providing eligible merchants within KOKO’s growing ecosystem with a more convenient pathway to business financing.
The initiative expands KOKO’s role beyond payments and customer financing by connecting its merchant network with Sampath Bank’s financing capabilities. The facility is designed to help eligible merchants secure funding to purchase and replenish inventory, manage working capital and cash flow, respond to seasonal demand and invest in business expansion.
The facility features a streamlined assessment process that can leverage relevant information from a merchant’s existing relationship and transaction activity with KOKO. This approach is intended to reduce the time and effort typically involved in navigating traditional business financing processes.
The partnership reflects the shared commitment of Sampath Bank and KOKO to supporting Sri Lankan businesses by combining KOKO’s digital merchant ecosystem with Sampath Bank’s established financial services expertise.
Through the collaboration, both organisations aim to create practical financing opportunities that enable merchants to strengthen their operations, pursue new business opportunities and focus more time and resources on growth.
All credit facilities remain subject to Sampath Bank’s eligibility criteria, credit assessment, applicable terms and conditions, and final approval.
Seylan Bank Islamic Banking Unit Honoured at SLIBFI Awards for Excellence in Islamic Finance
Seylan Bank’s Islamic Banking Unit has secured three awards at the SLIBFI Awards 2025/2026, recognising its achievements in innovative, Shariah-compliant financing and individual performance within Sri Lanka’s Islamic banking and finance sector.
The awards include the Gold Award for Deal of the Year for financing a 10MW Solar Power Project, the Bronze Award for Deal of the Year for financing a Broiler Farm Expansion Project, and an Individual Merit Award for Rising Personality of the Year (Male).
The recognition underscores the Islamic Banking Unit’s commitment to delivering meaningful financial solutions that support sustainable economic development, clean energy generation and agricultural growth in Sri Lanka.
The Gold Award-winning solar power project contributes clean energy to Sri Lanka’s national electricity grid, supporting the country’s renewable energy objectives. Meanwhile, the Bronze Award-winning Broiler Farm Expansion Project contributes to agricultural development and food security, highlighting the role of Shariah-compliant financing in supporting key sectors of the economy.
Seylan Bank Head of Islamic Banking Unit Sameer Mohamed said; “We are honoured to receive three awards at the SLIBFI Awards 2025/2026. These recognitions reflect the commitment of our Islamic Banking Unit to developing innovative and Shariah-compliant financial solutions that create meaningful value for our customers and contribute to Sri Lanka’s economic development.”
The awards also recognise the contribution of Seylan Bank’s Islamic Banking Unit and Project Finance team in delivering financing solutions across diverse sectors. The Bank’s approach combines Shariah-compliant financial principles with practical financing solutions designed to support businesses and economic activity.
Sampath Bank and KOKO Partner to Launch New Merchants Credit Facility
