KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd’s (CGC) financial technology subsidiary, CGC Digital, has partnered with peer-to-peer (P2P) financing platform B2B Finpal to launch a short-term financing scheme aimed at improving capital access for micro, small and medium enterprises (MSMEs).
In a joint statement yesterday, CGC Digital and B2B Finpal said the collaboration introduces a tailored credit guarantee to support B2B Finpal’s purchase financing product.
The scheme offers financing of up to RM300,000 to help MSMEs fulfil larger purchase orders, with a short tenure of up to 120 days to ease procurement without immediate financial strain. Approvals are promised within five days.
“The partnership marks the first phase of a broader, scalable programme, with both parties committed to co-developing additional financing products to further enhance financial inclusion for MSMEs across Malaysia,” they said. — Bernama
