CapBay gets USD 20 mln in Series A funding

Monday 1 February 2021 11:01 CET | News

Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has acquired USD 20 million in capital via its Series A round.

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.

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Keywords: CapBay, Malaysia, P2P, supply chain finance, SCF, capital, investment, KK Fund, SMEs
Categories: Banking & Fintech
Countries: Malaysia
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Banking & Fintech

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