TM signs CapBay as pioneer partner in Perintis

The company said that with the memorandum of understanding signed yesterday, CapBay will provide fast, affordable and fair access to supply chain finance solutions, bridging the cash flow gap for all levels and sizes of vendors throughout TM’s supply chain, including its small and medium enterprise (SME) subcontractors.

KUALA LUMPUR: CapBay, an award-winning multi-bank supply chain finance and peer-to-peer (P2P) platform, has been selected by Telekom Malaysia Bhd (TM) as the first and only fintech partner for its vendor financing programme known as Perintis.

The company said that with the memorandum of understanding signed yesterday, CapBay will provide fast, affordable and fair access to supply chain finance solutions, bridging the cash flow gap for all levels and sizes of vendors throughout TM’s supply chain, including its small and medium enterprise (SME) subcontractors.