CONNECT WITH US
Fintech

Fintech

CapBay, MDEC Open RM200 Million Financing Pool for Malaysia Digital Firms

Fintech News Malaysia logo

Published on

Add as a preferred source on Google
CapBay, MDEC Open RM200 Million Financing Pool for Malaysia Digital Firms

CapBay and MDEC have opened a RM200 million financing pool for companies with Malaysia Digital status.

Under the MD Technology Financing Programme, eligible companies can apply for up to RM3 million with repayment periods of up to 60 months.

Rates start from 6 percent per annum and include a six-month repayment grace period.

The programme covers established technology companies as well as early-stage and pre-profit start-ups that have operated for at least six months.

It targets asset-light businesses that may struggle to secure conventional financing because they lack physical collateral.

CapBay will assess applications using a credit model based on business fundamentals and growth potential.

Ang Xing Xian
Ang Xing Xian

Ang Xing Xian, Co-Founder and Group CEO of CapBay said,

“We are proud to partner with MDEC to welcome early-stage start-ups from just six months of incorporation, offering non-dilutive debt financing at a stage where equity is often their only option, and broadening the financing options available to Malaysia’s technology sector.

Anuar Fariz Fadzil
Anuar Fariz Fadzil

MDEC CEO Anuar Fariz Fadzil said,

“Access to financing is often a key catalyst in enabling innovative companies to commercialise solutions, expand into new markets and accelerate their growth journeys.

Through our collaboration with companies such as CapBay, we aim to bridge financing gaps and enable high-potential technology companies to access the resources needed to scale sustainably and compete regionally and globally.”

The programme also supports Malaysia’s AI Nation 2030 ambitions.

CapBay has facilitated more than RM5.6 billion in financing for over 2,600 enterprises since 2016.

Eligible companies can apply through CapBay’s digital platform.

 

 

Featured image: Edited by Fintech News Malaysia, based on image by noob via Magnific

The post CapBay, MDEC Open RM200 Million Financing Pool for Malaysia Digital Firms appeared first on Fintech News Malaysia.



Source link
Related Topics:#Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.