CapBay’s investment round saw contributions from existing investor KK Fund. CapBay had previously acquired nearly USD 500,000 in funding during a seed round that was led by KK Fund back in 2017. Other Malaysia-based investors in CapBay’s round include several angel investors with experience in finance, tech, and early-stage or startup ventures.
The funds raised would be used to enable more efficient financing and for the platform’s market expansion so that it can reach more investors and underserved SMEs. CapBay is also expanding investment opportunities for peer to peer investors on its platform via its partnerships with various institutions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.