FinTech – The World Changer

Do you ever use smartphones or laptops for mobile banking or investing services? I bet you couldn’t say no. FinTech is changing the world quickly, financial activities are getting more and more efficient with the emergence of this industry.

Source: World FinTech Report 2017

The Unstoppable Force

It is estimated that the value of financial technology investments will amount to about US$40 billion by 2020. In Malaysia, the presence of FinTech is still nascent but growing rapidly.

The rise of FinTech is so powerful that Bank Negara Malaysia Governor, Datuk Muhammad Ibrahim has reminded banks of the threats posed by this emerging industry, citing a report by McKinsey that 10% to 40% of banking revenue is possibly at risk by 2025 due to innovations outside banking institutions.

What does FinTech do?

From crowdfunding and P2P investing to invoice financing, FinTech has made its mark across the market. One key reason for its rapid emergence is the speed and convenience it offers compared to traditional financial services. While a bank may take up to six months to approve financing, a P2P investing company can approve it in as little as 24 hours!

 

FinTech companies are particularly advantageous for SME financing Malaysia. Since the rise of FinTech firms like CapBay, thousands of SMEs in Malaysia have enjoyed significant benefits to get SME Financing. CapBay’s invoice financing program has been crucial in helping hundreds of SMEs improve cash flow and accelerate growth. By selling their invoices to CapBay, SMEs have managed to bypass long credit terms, making SME financing in Malaysia much more accessible and efficient. With the support of P2P investment in Malaysia and innovative business financing solutions, SMEs in Malaysia can secure the funds they need to grow and thrive in today’s competitive market.

 

So, why are you still waiting for?

CapitalBay is always here to help SMEs. Contact us now and your business is ready to grow like never before!

By CapitalBay