Success Stories • 12 November 2020
CapBay envisions a transparent and efficient financing environment that minimises risk and optimises working capital for the entire value chain in every industry. Find out more on their journey thus far.
You may have seen CapBay in Malaysian news recently with some category-defining updates. Built to solve a fundamental gap in finance, CapBay's focus is to help responsible corporations optimise their working capital and equip businesses with real-time technology to collaborate with a wider network of financial institutions to access financing opportunities, all with a click of a button. But did you know that Fundnel worked with CapBay to successfully raise their ECF round on Fundnel in December 2019? Since then, the fintech stars of Malaysia have gone on to achieve multiple remarkable milestones in their business journey, including:
- Launching a Peer-to-Peer (P2P) platform called CapBay P2P Investment App in March 2020
- Receiving the “Fintech Startup of the year 2020” at “The Asset Triple A Digital Awards 2020”
- Becoming the first and only fintech company selected to be part of national telecommunications giant Telekom Malaysia Bhd’s (TM) Vendor Financing Programme, also known as PERINTIS
- Pairing up with Kenanga Capital Islamic to digitise a first-in-Malaysia factoring solution
It gives the team at Fundnel great joy to see how the companies we've worked with flourish exponentially with access to financing opportunities from our network of investors. Read the full story in our chat with Xing Xian Ang, CEO & Co-founder of CapBay and find out more about how Fundnel has helped other ambitious founders and promising businesses make an impact in their communities.
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