CIMB in tie-up to provide SMEs access to capital

Lee: The collaboration also further strengthens our refocused SME proposition to help them grow through tech-driven end-to-end solutions.

KUALA LUMPUR: CIMB Bank Bhd’s recent memorandum of understanding (MoU) with Singapore’s CapBridge Pte Ltd will facilitate capital raising and trading of shares for private companies through the latter’s investment platform and the 1exchange (1X) private securities exchange.

The MoU would see CIMB Bank and CapBridge collaborating to offer the bank’s customers in Malaysia, Singapore, Indonesia, Thailand and Cambodia access to private capital and liquidity through the holistic CapBridge private capital ecosystem, CIMB said in a statement.