KOTA KINABALU: Since CAPBAY’s launching its Peer-to-Peer Financing (P2P) platform in March 2020, when Covid-19 hit the world, the Malaysian company has funded RM100 million across 500 investment notes.
Such an achievement is part of CapBay Group’s strong track record of providing supply chain finance since 2017, facilitating a total of RM 800 million across 9,000 transactions covering underserved SMEs.
CapBay was part of the second batch of P2P licence recipients last year, while the first batch were announced back in November 2016.
According to Securities Commission Malaysia data, the whole P2P industry cumulatively raised RM80 million in June 2018 when many of the first batch of licensees launched their P2P platform three years earlier in early 2017.
CapBay’s head of P2P Wong Juan Eu said the company was thrilled to achieve such a milestone especially while it is still plagued by the impact of Covid-19.
“We have been able to do this in record time shows our ability to provide sustainable growth for both our SME clients and investors.
“Through robust risk management and advanced credit scoring, we ensure our investors’ interests are protected.
“Since the Overnight Policy Rate (OPR) cuts, we know that investors are actively looking for more high-quality investment products that are safe and low risk while generating healthy income. CapBay aims to fill this gap,” added Wong.
With recent strategic partnerships inked between top institutions and CapBay, P2P investors can now invest alongside institutional investors in a safer asset class backed by government and corporate receivables.
P2P investors on CapBay have earned net returns of 10 per cent p.a.
CapBay differentiates itself by offering lower risk investment notes.
By leveraging on its strong technological infrastructure, CapBay can provide cost-effective financing solutions with low credit risk.
“This has been reflected in its track record of 0% financing loss on its P2P platform.
“CapBay’s expertise in the key areas of technology, credit and risk management has earned them the accolade “Fintech Startup of the year 2020” by The Asset Triple A Digital Awards.”
Statement, infographic and picture provided by CAPBAY