Malaysian SCF player secures US$20m in its Series A round


Bay Group Holdings Sdn Bhd (CapBay), a fast-growing Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has raised US$20m (MYR 81m) in its Series A round.

Existing investor KK Fund, a Singapore-based venture capital firm that invests in start-ups across Southeast Asia participated in the current round as well. Malaysian investors include several angel investors with expertise in finance, technology and growing start-ups.


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Posted on Jan 25, 2021
Region: Malaysia
SCF
SCF