Malaysian fintech startup CapitalBay has raised RM 2 million (US$477,000) in funding in a seed round from KK Fund. It will use the newly-raised financing to accelerate product development, build up its team and ramp up customer acquisition for invoice and contract financing. Founded by three Malaysians Ang Xing Xian, Dion Tan and Edwin Tan, CapitalBay’s objective […]
CapitalBay is a multi-bank supply chain finance startup. They are here to help your business unlock cash flow. If you run a business, you probably hate having to wait for 30 to 90 days just to collect your invoice payments after delivery. You want to get cash, now. On the other hand, you also hope […]
A Seafood story Hailing from a family which runs a seafood processing plant in Johor, Xing Xian observed a persistent issue within the supply chain between suppliers such as his family and their buyers (big supermarkets). This problem stems from how fishermen needed to be paid in cash terms and it has to be an [...]
By CapitalBay Wishing each and every one of you a splendid new year ahead! It’s been a meaningful 2018 for us, here’s a recap. Exhibition booth at SCxSC Fintech Conference by Securities Commission (SC) Exhibition booth at Singapore Fintech Festival by Monetary Authority of Singapore (MAS) Xing Xian, our Founder, selected for the e-Founders Fellowship Program […]
By Malaymail KUALA LUMPUR, Nov 30 — Two Malaysian entrepreneurs have completed the fourth edition of the eFounders Fellowship at the United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School. Alibaba said that 37 Asian entrepreneurs were chosen for the fellowship that aimed to bridge the digital divide and equip young entrepreneurs […]
In recent years, financial technology (fintech) has dominated the conversation in the financial services industry, with many banks and various institutions trying to adapt to the fast-changing scenario. For businesses, this has heralded an increased ease in undertaking financial matters, especially when it comes to access to financing, which has traditionally been a recurring issue. […]
Supply chain finance fintech company, CapitalBay has announced a major strategic collaboration with Privasia e-procurement platform ProcureHere, setting a new milestone in SME financing. Through this collaboration, registered suppliers on ProcureHere will be given access digital financing for transactions made via the platform. This means that registered suppliers get paid earlier for their invoices […]
By Fintech Malaysia CapitalBay, a FinTech company, offering solutions for Supply Chain Finance in Malaysia has announced that it has received two separate awards from the Asian Bankers Awards in Beijing, alongside top international transaction banks such as Bank of America, Deutsche Bank, and Mizuho Bank. Also present at the awards, was Tan Sri Zeti […]
Kuala Lumpur, MY — 25 MAY 2018 – CapitalBay, a FinTech company, leading the way for Supply Chain Finance in Malaysia has announced that it has received two separate awards from the prestigious Asian Bankers Awards in Beijing, alongside top international transaction banks such as Bank of America, Deutsche Bank, and Mizuho Bank. Also present […]
By CapitalBay If you’re running a small enterprise – say you’re in the business of supplying large restaurants and hotels with fresh fish – it’s easy to get into a situation where you’re short on cash, even though you have to pay clients. That’s because clients sometimes pay late, but you must meet deadlines, like […]